South leads in bioeconomy boom with 45.4% share in 2024

South India accounted for the largest share of India’s bioeconomy, accounting for $75.2 billion (45.4%) in 2024, followed by the western region at $50.02 billion (30.3%), according to an industry report. Maharashtra, Karnataka and Telangana emerged as the key biotech hubs, collectively accounting for 38.8% of the national total.

“This concentration suggests that these states have favourable conditions for biotech innovation, such as robust infrastructure, access to funding and a skilled talent pool,” said the India Bioeconomy report published by…