India, April 30 -- image credit- shutterstock

In 2024, the bioeconomy of India reached a value of $165.7 billion, reflecting strong growth across biopharma, bioindustrial production, research services, and agricultural biotechnology. The India Bioeconomy Report 2025, prepared by the Association of Biotechnology Led Enterprises (ABLE), states that in 2023, the bioeconomy registered a 10 per cent growth, while in 2024, it registered a 9.7 per cent growth.

The report also reveals that the biotech startup sector has shown a decrease in growth rate in 2024 compared to previous years between 2020 and 2023. A similar dip was witnessed back in 2019 after considerable jumps from 2016 to 2018.

On the other hand, in 2022, biotech startups saw 31 ...