India’s bioeconomy is likely to touch USD 150 billion by 2025 and USD 300 billion by 2030, as per the India BioEconomy Report 2022 released on July 19, 2022. The report has been brought out by the Biotechnology Industry Research Assistance Council (BIRAC) based on the data from the biotech sector’s contribution to the economy. As per the report, India’s bioeconomy reached over USD 80 billion in 2021 and registered a 14.1 percent growth in 2020.