♦ The NITI Aayog released a report titlrd, ‘Roadmap for Building India as a Leading BioEconomy Powerhouse by 2035’ on 16 July 2026.

♦ It targets expanding India’s bioeconomy from $195.3 billion in 2025 to $691 billion by 2035 and $2.6 trillion by 2047, while generating more than 30 million high-value jobs.

♦ The report says India should move beyond the broad framework laid out under the Biotechnology for Economy, Environment and Employment (BioE3) policy and adopt a mission-mode execution strategy backed by new financing, regulatory reforms and cross-ministerial governance.

♦ It recommends establishing a Rs 50,000-crore BioEconomy Growth Fund between 2026 and 2035 to bridge the gap between laboratory research and commercial manufacturing. 

♦ According to the report, India's bioeconomy has expanded nearly 16-fold over the past decade, growing from $10 billion in 2014 to $195.3 billion in 2025, and it now contributes 4.8% to the country's GDP.