Accelerating growth: Progress in India's biotech sector looks promising

According to the report, titled "India Bioeconomy Report 2025", the bioeconomy sector witnessed a 16-fold expansion in the past decade, from $10 billion in 2014 to $165.7 billion in 2024

Since the establishment of the Department of Biotechnology (DBT) in 1986, the subject of biotechnology has successfully been harnessed in India to aid vaccine development and accelerate the growth of the pharmaceutical sector. However, it could never match the pace of the information-technology (IT) sector’s growth in the country. The launch of the Bio-E3 policy, or Biotechnology for Economy, Environment, and Employment, and the Bio-RIDE (Biotechnology Research Innovation and Entrepreneurship Development) scheme last year, thus marked a crucial step in positioning India as a global bioeconomy leader. A new report released by the Biotechnology Industry Research Assistance Council (BIRAC) presents