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Recent Current Affairs related to Bioeconomy

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25 July 2026 ECONOMY

The NITI Aayog has launched the "Roadmap for Building India as a Leading Bioeconomy Powerhouse by 2035" at the National Media Centre in New Delhi.

The roadmap aims to scale the bioeconomy of India to $691 billion by 2035 and $2.6 trillion by 2047. To achieve these objectives, it recommends the creation of six National BioMissions: GeneIndia, AgriBio 2.0, BioX Foundry, One Health Grid, Marine Biotechnology, and BioPharmaNext.

It also proposes the establishment of a ₹50,000 crore "BioEconomy Growth Fund" for the 2026-2035 period, to be allocated from the existing ₹1 lakh crore Research, Development and Innovation (RDI) framework. The roadmap was inaugurated by Union Minister of State Jitendra Singh and was developed by the NITI Frontier Tech Hub (NITI-FTH) in consultation with the Department of Biotechnology (DBT).

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