India’s bioeconomy is poised to become a $300 billion sector by 2030, according to a new report by NITI Aayog. The report emphasizes that strategic investments in biotechnology, agricultural innovation, and sustainable practices could unlock new levels of agricultural resilience and rural prosperity.

The study highlights how bio-based technologies can transform traditional farming, improve crop yields, and support eco-friendly industrial practices. It also underscores India’s growing leadership in agri-tech innovation, with a rapidly expanding ecosystem of startups and research collaborations.

According to NITI Aayog, fostering innovation, expanding bio-manufacturing, and creating policy frameworks for sustainability will be key to achieving this milestone. The report calls for public-private partnerships to strengthen the bioeconomy and enhance India’s global competitiveness in biotechnology and sustainable agriculture.