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Detailed explanation-1: -Noting the rapid growth in the sector, the Minister said, Bioeconomy is likely to touch 150 billion dollars by 2025 and over 300 billion dollars by 2030.

Detailed explanation-2: -The government had previously said India would become a $5 trillion economy by 2025. Chief Economic Advisor V. Anantha Nageswaran said on Monday that the Indian economy will be $3 trillion by the end of the current 2022-23 fiscal and is expected to be $7 trillion in the next seven years.

Detailed explanation-3: -India’s bioeconomy is likely to touch USD 150 billion by 2025 and over USD 300 billion by 2030, a report said on Tuesday. The India BioEconomy Report 2022, based on the data on biotech sector’s contribution to the economy, has been brought out by the Biotechnology Industry Research Assistance Council (BIRAC).

Detailed explanation-4: -India has the potential to grow at 6.5-7 per cent and will become a USD 5 trillion economy by 2025-26 and USD 7 trillion by 2030 depending on exchange rate fluctuation, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Indian economy is estimated to touch USD 3.5 trillion mark by March 2023.

Detailed explanation-5: -Bioeconomy is being pitched as the key to India’s future economy over the next 25 years. Read here to know more about it. India’s Bioeconomy Report 2022 was released recently and it shows that India’s Bioeconomy will touch 300 billion US dollars by 2030 from 80 billion US Dollars in 2021.