NITI Aayog Proposes ₹50,000 Crore BioEconomy Growth Fund

Key facts

• NITI Aayog has proposed a ₹50,000-crore BioEconomy Growth Fund for the period 2026-2035 to bridge the gap between lab innovation and commercial biomanufacturing.
• The fund is part of a roadmap to build a $691 billion bioeconomy by 2035 and generate over 30 million high-value jobs.
• Six National BioMissions have been recommended: GeneIndia, AgriBio 2.0, BioX Foundry, One Health Grid, marine biotechnology, and BioPharmaNext.
• The roadmap includes regulatory reforms such as faster approval pathways for cell and gene therapies, synthetic biology, and AI-designed drugs.
• India's bioeconomy has grown from $10 billion in 2014 to $195.3 billion in 2025, contributing 4.8% to the country's GDP.
• The blueprint was released by NITI Aayog's Frontier Tech Hub in consultation with the Department of Biotechnology and industry experts.