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India's Biotechnology Sector Reaches $165.7 Billion by 2024

Official Press

02 Apr 2026

India's bioeconomy hit the $150 billion mark in 2023, two years ahead of projections. By 2024, it grew to $165.7 billion. This growth aligns with strategies in the National Biotech Development Strategy 2021, focusing on innovation, manufacturing, and strategic initiatives by the Department of Biotechnology and BIRAC. Programs such as the National Biopharma Mission and the BioE3 Policy support biopharmaceutical advancements and innovation in the sector.

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First Deputy Prime Minister of Russia Denis Manturov Meets Prime Minister Modi

Indian Railways Enhance Passenger Amenities with ₹34,000 Crore Allocation

Insights from Technology Day Webinars Under Karmayogi Sādhana Saptah

IndiaAI & CDSCO Launch Hackathon to Innovate in Health Sector