Southern States Drive India’s Bioeconomy Growth with 45.4% Share in 2024

Quick Summary

• South India contributed 45.4% ($75.2 billion) to IndiaS bioeconomy in 2024, followed by the western region at 30.3% ($50.02 billion).
• Maharashtra, Karnataka, and Telangana collectively accounted for 38.8% of the national bioeconomy total.
• India’s bioeconomy reached $165.7 billion in 2024, with leading sectors being bio-industrial and biopharma.
• Over the last decade, the sector has grown exponentially by a factor of 16.
• GS krishnan (Association of Biotechnology Led Enterprises) emphasized advancements in biomanufacturing, agribiotech, and health sciences driving growth and opportunities for startups.
• Science & Technology Minister Jitendra Singh promoted private-sector investments in biotechnology as transformative for India akin to the IT revolution.
• The number of biotech startups doubled to reach 10,075; however, new startup registrations dipped by over 13%, from 1,776 in 2023 to 1,544 in 2024.

Indian Opinion Analysis

The robust contribution of states like Maharashtra, Karnataka, and Telangana highlights regional excellence fueled by supportive infrastructure and access to skilled professionals-a successful model that could be replicated nationwide for equitable growth within India’s thriving biotechnology sector. The exponential rise over a decade reflects strong foundational government and private investments; however, a decline in new startup registrations points towards potential challenges like funding accessibility or market saturation.

Going forward collaboration between academia-industry-policy stakeholders is essential not only for sustaining momentum but also for positioning India as a global leader across diverse biotech domains spanning health sciences to agribiotech innovations-this particularly aligns with Minister singh’s vision likening biotechnology’s future impact on India’s economy comparable to what IT achieved globally decades ago.

The latest developments underscore prospects as well as pitfalls requiring immediate policy fine-tuning aimed chiefly bridging gaps whilst incentivizing sustained ecosystems futuristic aspirations ensure putting foot stronger boundaries industries..

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