Over the last decade, India’s biotech startup ecosystem has experienced exponential growth, rising from just 50 companies to approximately 9,000 today.

India’s biotech startup ecosystem has grown significantly over the past decade, from 50 startups in 2014 to nearly 9,000 today. This growth is attributed to the remarkable expansion of the bio-economy, which has increased from $10 billion in 2014 to over $130 billion in 2024 and is expected to reach $300 billion by 2030. Union Minister Jitendra Singh highlighted the government’s priority on sustainability, citing the need to address pollution and climate change challenges. India aims to achieve a net zero target by 2070 and has undertaken initiatives such as the Green Hydrogen mission, climate change mission, and deep sea mission. The recently introduced “BioE3 Policy” is a step towards sustainable growth. Singh emphasized the importance of biotech startups in India’s future economy, noting that they are pivotal for the country’s growth and will contribute to a cleaner, more sustainable future.