Lagatar24 Desk
New Delhi: India has emerged as one of the fastest-growing bio-economies in the world, expanding from $10 billion in 2014 to $165.7 billion in 2024. This rapid growth contributed 4.25% to the country’s $3.89 trillion GDP, signaling the sector’s rising role in India’s sustainable development.
Ambitious Growth Targets Ahead
With the current pace, India is aiming for a $300 billion bio-economy by 2030. The sector focuses on using renewable resources such as plants, animals, and microorganisms to produce food, energy, and industrial goods. Beyond economic benefits, the bio-economy plays a key role in reducing emissions, cutting dependence on fossil fuels, and advancing sustainability. Innovations like gene-editing and bioprinting are strengthening its foundation by offering solutions for environmental protection, economic growth, and human well-being.
State-Wise Leaders in Bio-Economy
Maharashtra leads the bio-economy with a value of $35.45 billion, contributing 21.4% of the national total. Karnataka follows with $32.4 billion (19.5%), while Telangana contributes $19.9 billion (12%). Other major contributors include Gujarat at $12.9 billion (7.8%), Andhra Pradesh at $11.1 billion (6.7%), Tamil Nadu at $9.9 billion (6%), and Uttar Pradesh at $7.7 billion (4.7%). Smaller states collectively add $36.4 billion, accounting for 21.9% of the sector’s value.
