Biotechnology Industry

Size/Contribution of India’s Bioeconomy: The size of India’s bioeconomy is estimated to be at US$ 80.12 billion as of 2021, which is a 14.13% growth over US$ 70.2 billion in 2020.

  • India’s bioeconomy contributes 2.6% to India’s GDP, as of 2021.

Role of COVID-19 on India’s Bioeconomy: Nearly a fifth of India’s bioeconomy, standing at US$ 14.56 billion, was due to the Covid-19 vaccination and testing drive.

  • Covid-19 vaccines had a worth of US$ 8.7 billion, whereas testing cost US$ 5.9 billion. 1.45 billion Covid-19 doses were administered in 2021, and 1.3 million Covid tests were taken every day.

Contribution of Biopharma: The largest ....

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