Union Minister Dr. Jitendra Singh has emphasized that India’s future economic growth will be significantly influenced by sectors that are currently underexplored. He highlighted biotechnology and space as pivotal areas poised to drive the nation’s next industrial revolution.
Dr. Singh noted that India’s bioeconomy has experienced remarkable growth, expanding from $10 billion in 2014 to over $130 billion in 2024. This surge is attributed to initiatives like the National Biopharma Mission, which has fostered innovation in areas such as DNA vaccines and biosimilars. The sector is projected to reach $300 billion by 2030, positioning India as a leader in global biomanufacturing .
Dr. Singh also pointed to the establishment of the National Research Foundation (NRF), which aims to bolster research and innovation across various sectors. With substantial funding and a focus on public-private collaboration, the NRF is expected to play a crucial role in advancing India’s technological capabilities and economic development .
Dr. Singh’s remarks underscore the importance of investing in underexplored sectors like biotechnology and space to propel India’s economic growth and establish the country as a global leader in innovation.
