Biotechnology sector can play a contributing role in the realization of $5 trillion economy target of India. Justify
Answer: India needs to build competencies in biotechnology sector and industries to ensure sustained growth and prosperity. Biotechnology industry is well poised to provide the much required boost to the economy in realizing the target of $ 5 trillion to be achieved by 2024.
Scope of Biotechnology in the Economy
Biotechnology can contribute immensely in achieving $ 5 trillion target because of its following advantages:
- Sudden Rise of this Sector: In the span of a decade beginning in 2007, the industry has grown exponentially in size from about $2 billion to over $11 billion in terms of revenue. By ....
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