NITI Aayog Unveils 10-Year Roadmap Targeting a USD 691 Billion Bioeconomy by 2035
NITI Aayog launched the Roadmap for Building India as a Leading Bioeconomy Powerhouse by 2035 at the National Media Centre, New Delhi, released by Dr. Jitendra Singh (MoS Independent Charge, Science & Technology) with NITI Aayog CEO Nidhi Chhibber. Developed by the NITI Frontier Tech Hub (NITI-FTH) with the Department of Biotechnology, it targets a USD 691 billion bioeconomy by 2035 and USD 2.6 trillion by 2047, over 30 million high-value jobs, and a place among the world's top 3 biotech powers. It recommends six National BioMissions — GeneIndia, AgriBio 2.0, BioX Foundry, One Health Grid, Marine Biotechnology and BioPharmaNext — and a proposed Rs 50,000 crore BioEconomy Growth Fund (2026-2035) from within the existing Rs 1 lakh crore RDI framework.
NITI Aayog formed: 1 Jan 2015 (replaced Planning Commission) | Chairperson: PM (ex-officio); CEO: Nidhi Chhibber | India bioeconomy ~USD 165 bn in 2024 | DBT is under the Ministry of Science & Technology
NITI Aayog's 2035 bioeconomy roadmap targets a USD 691 bn bioeconomy, 30 million+ jobs and six National BioMissions, backed by a proposed Rs 50,000 crore BioEconomy Growth Fund.