Abstract:
The Bioeconomy sector of India of which biotechnology is a major driver of growth has set a major goal of
growing from its' current $4.3 billion to about $100 billion by 2025. The bio-pharmaceutical sectors
followed by agricultural biotechnology are industry's biggest sources of revenue. However, these sectors
which have tremendous potential to contribute to the economic growth of the country and to contribute
towards addressing some of the major problems that the country faces, such as, food security and health
of the population is also facing several challenges. Against this background, this paper presents an
overview of the status of the Bioeconomy sector, the opportunities and challenges faced by the sector in
India with specific reference to health and agricultural sectors. The paper also briefly touches upon the
way forward for India to utilize the full potential of this sector to address food security, and health
concerns of its population and also to contribute to the country's economic growth.
