India Bioeconomy Report 2026: bioeconomy at USD 195.3 billion, about 4.8% of GDP
The India Bioeconomy Report (IBER) 2026, released on 19 March 2026 at BIRAC's 14th Foundation Day, puts India's bioeconomy at USD 195.3 billion in 2025, about 4.8% of GDP, with over 11,800 biotech startups.
Summary
The India Bioeconomy Report (IBER) 2026 and the BIRAC Impact Report were released on 19 March 2026 at the 14th Foundation Day of the Biotechnology Industry Research Assistance Council (BIRAC) in New Delhi. IBER 2026 puts India's bioeconomy at USD 195.3 billion in 2025, contributing about 4.8% of GDP, with a CAGR of nearly 18% and over 11,800 biotech startups; the sector has more than doubled since 2020. Union Minister Dr Jitendra Singh said the bioeconomy grew from about USD 10 billion in 2014 and India is moving towards a USD 300 billion target by 2030, with BIRAC given a key role under the ₹1 lakh crore Research, Development and Innovation (RDI) Fund.
Key facts
- Report
- India Bioeconomy Report (IBER) 2026
- Released at
- BIRAC 14th Foundation Day, New Delhi, 19 March 2026
- Size 2025
- USD 195.3 billion (≈4.8% of GDP)
- Growth
- CAGR nearly 18%; more than doubled since 2020
- Startups
- Over 11,800 biotech startups
- Target
- USD 300 billion by 2030
- 2014
- About USD 10 billion
Practice MCQs 3 questions
According to the India Bioeconomy Report 2026, India's bioeconomy in 2025 was valued at about:
Show answer
Correct answer: C — USD 195 billion
IBER 2026 puts India's bioeconomy at USD 195.3 billion in 2025; USD 300 billion is the 2030 target.
The India Bioeconomy Report (IBER) 2026 was released at the 14th Foundation Day of:
Show answer
Correct answer: D — BIRAC
IBER 2026 and the BIRAC Impact Report were released at the 14th Foundation Day of the Biotechnology Industry Research Assistance Council (BIRAC).
Consider the following about India's bioeconomy (IBER 2026): 1. It contributes around 4.8% to the national GDP. 2. India's bioeconomy target is USD 300 billion by 2030. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: the bioeconomy contributes about 4.8% of GDP, and the Minister said India is moving towards a USD 300 billion target by 2030.