April 24, 2026 5:32 PM

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India’s bio-economy projected to grow to $1 trillion by 2047: Union Minister Jitendra Singh

Union Minister Jitendra Singh today said the 21st century will be India’s century, with the country’s bio-economy projected to grow to one trillion dollars by 2047. Addressing an international conference at IIT Roorkee virtually, he said India is moving decisively towards full-spectrum technological capability, from gene to qubit, from ocean depths to outer space.

Dr. Singh said India’s development pathway is anchored in a civilisational ethos that integrates economic progress with ethical values. Highlighting the government’s policy thrust, the Minister spoke about the BioE3 Policy – Biotechnology for Economy, Environment and Employment, approved in 2024. He said India’s bio-economy has expanded from 10 billion dollars in 2014 to over 165 billion dollars today, with a target of 300 billion dollars by 2030.