Indian Bio ECONOMY
The Indian growth trajectory is multidimensional and deep .It is beyond the linear and reinforcing paradigms of prescription and advice .It is demolishing the foundations and reconstructing business which are fluid ,flexible and flowing .These businesses adapt to emerging paradigms of technology , geo political changes and new world order with resilience and absorption of new realities . It shuns predictability and defines its business conduct as chaos throws up opportunities and discards decaying processes which become irrelevant. Yet ,metaphorically, the multiplication of cells and tissues of business beneath epidermis are rejuvenating and creating new and ever changing DNA of business with overlapping and identifiable biomarkers for continuity and traceability.India is on its way on undulating and rolling pathways of progress.
Indian Bio economy has touched Usd 187 Billion mark. Karnataka is leading with its share of 21% which inturn is contributing 10% of State Gross Domestic Product.There is a shift from research led ecosystem to production oriented bio manufacturing base according to Karnataka Bioeconomy Report 2025 .
Biopharma remains the major segment withover 40% share contributing usd 16.4 billion driven by biologics ,biosimilars,vaccines and diagonistics.Bio Industrial Biotechnology emerged as the fastest growing segment at usd 11.4 billion ,accounting for about 29% of the sector led by fermentation based industries ,enzymes and sustainable industries .
There are flawed fixations and misconceptions about core sciences, engineering , technology ,computer /information sciences , Agri and food , Health care and Bio sciences being stand alone strait jacketed fields , whereas he reality is that the hybrid knowledge with insidious interlinkages ,intertwined and inextricable interlinked capillary connects are unleashing huge values which we need to understand and harness . One such pole star for Indian economy is Bio Economy which will be major contributor to Indian 5 trillion dollar economy goal and mission for which we all are striving and marching ahead in the process of Nation Building.
Nirmal K Bhardwaj Distinguished Alumnus IIT Kharagpur IIM Ahmedabad Alumnus
# Biotechnology #IIT#IIM#Viksit Bharath # 5trillion Economy# GCCs#Resurgent Agric# Agri and Food # Digital Dispersion# Rehucap
