**Executive Summary**
Union Minister Dr. Jitendra Singh addressed the "Vision 2047" conference at IIT Roorkee on April 24, 2026, outlining India's roadmap to becoming a $1 trillion bio-economy by 2047. The address highlighted the transition toward full-stack technological leadership, supported by the BioE3 Policy and significant R&D funding frameworks. Key targets include reaching a $300 billion bio-economy by 2030 and positioning India among the top three global bio-economies by 2047.
**Key Points / Main Content**
* **Economic Projections and Policy Framework**
* India’s bio-economy is projected to grow from $165 billion currently to $1 trillion by 2047, following an 18% annual growth rate.
* The BioE3 Policy (Biotechnology for Economy, Environment, and Employment) was approved in 2024 to drive bio-manufacturing-led growth.
* The Anusandhan National Research Foundation (ANRF) has been established with a ₹50,000 crore corpus.
* A ₹1 lakh crore Research, Development and Innovation (RDI) Fund provides long-term, low-cost financing for deep-tech innovation.
* **Scientific and Technological Achievements**
* The biotech startup ecosystem has expanded from approximately 50 to over 11,000 startups.
* Major breakthroughs include Genome India, indigenous CAR-T cell therapy, mRNA vaccine platforms, and India’s first indigenous antibiotic.
* India’s Global Innovation Index ranking has improved from 81 to 39, with R&D expenditure more than doubling in the last decade.
* Progress in emerging fields includes the National Quantum Mission, space biotechnology with ISRO, and deep ocean exploration via Samudrayaan.
* **Future Milestones and Infrastructure**
* Strategic milestones are set for the years 2030, 2035, 2040, and 2047.
* Key goals include the operationalisation of the Bharatiya Antariksha Station and the advancement of carbon-neutral technologies.
* Development of nuclear medicine facilities is underway to provide affordable cancer care.
**Impact Analysis**
**Students, Researchers, and Innovators (Amrit Generation)**
**Impact**
They are identified as the primary drivers of India's scientific transformation and the journey toward "Viksit Bharat 2047."
**Action Required**
Must lead the next phase of scientific transformation by working across laboratories and startups to build an innovation-driven India.
**Academic and Research Institutions (e.g., IIT Roorkee)**
**Impact**
These institutions are positioned as hubs for international collaboration, hosting over 100 global and domestic participants to define India's growth roadmap.
**Action Required**
Urged to play a leading role in bio-manufacturing, innovation, and research to support the national transformation agenda.
**Biotech Startups**
**Impact**
Beneficiaries of an expanding ecosystem and new financial instruments like the ₹1 lakh crore RDI Fund for deep-tech innovation.
**Action Required**
Expected to scale up operations and contribute to the transition from a $165 billion to a $1 trillion bio-economy by 2047.
Key Entities Referenced
Viksit Bharat 2047: The national roadmap and vision aimed at transforming India into a developed nation by 2047, serving as the overarching framework for economic and technological growth.
BioE3 Policy: A government policy (Biotechnology for Economy, Environment and Employment) focused on bio-manufacturing-led growth to help the bio-economy reach $1 trillion by 2047.
Anusandhan National Research Foundation (ANRF): A strategic research body with a ₹50,000 crore corpus established to provide long-term financing and institutional support for deep-tech innovation and scientific R&D.
National Quantum Mission: A flagship initiative focused on achieving global leadership in quantum technology and achieving milestones in emerging technological domains.
Genome India: A major scientific project and initiative leading breakthroughs in India’s biotechnology ecosystem and genomic research.
Ministry of Science & Technology
21st Century Belongs to Bharat; Bio-Economy to
Reach $1 Trillion by 2047, Says Union Minister
Dr. Jitendra Singh
India Advancing Towards Full-Stack Technological
Leadership from Biotechnology to Quantum: Dr. Jitendra
Singh
Vision 2047 Conference at IIT Roorkee Brings Together
Global Institutions on India’s Growth Roadmap
Genome India, CAR-T Therapy and mRNA Platforms Lead
Breakthroughs as India’s Biotech Ecosystem Crosses 11,000
Startups
Posted On: 24 APR 2026 4:20PM by PIB Delhi
Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, MoS PMO,
Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that the
21st century will be India’s century and will be driven by a biology-led economy, with the country’s bio-
economy projected to grow to $1 trillion by 2047.
Addressing an international conference at IIT Roorkee virtually, he said India is moving decisively
towards full-spectrum technological capability, from gene to qubit, from ocean depths to outer space,
supported by policy reforms, strong institutional frameworks and a rapidly expanding innovation
ecosystem.
The Minister was delivering the keynote address at the International Conference on “Vision 2047:
Prosperous and Great Bharat 2.0” held at IIT Roorkee. The conference is jointly organised by IIT Roorkee
and Swadeshi Shodh Sansthan, with participation from over 100 institutions across India and abroad.
Among those present were IIT Roorkee Director Prof. K.K. Pant and Padma Shri awardee Shridhar
Vembu.
Referring to Prime Minister Narendra Modi’s vision of Viksit Bharat 2047, Dr. Jitendra Singh said India’s
development pathway is anchored in a civilisational ethos that integrates economic progress with ethical
values, guided by the principle “ArthasyaMoolamDharmam”. He said the themes of the conference,
ranging from employment and economic growth to science leadership, sustainability, security and global
cooperation, reflect a comprehensive national transformation agenda.Highlighting the government’s policy thrust, the Minister spoke about the BioE3 Policy (Biotechnology
for Economy, Environment and Employment) approved in 2024, describing it as a defining step towards
bio-manufacturing-led growth. He said India’s bio-economy has expanded from $10 billion in 2014 to
over $165 billion today, growing at nearly 18% annually, with a target of $300 billion by 2030. The
number of biotech startups has increased from around 50 to more than 11,000. He also referred to the
Anusandhan National Research Foundation (ANRF) with a ₹50,000 crore corpus and the ₹1 lakh crore
Research, Development and Innovation (RDI) Fund, designed to provide long-term, low-cost financing for
deep-tech innovation.
Dr. Jitendra Singh presented a series of major scientific advances achieved in recent years, including
progress under Genome India, indigenous CAR-T cell therapy, development of mRNA vaccine platforms,
India’s first indigenously developed antibiotic, establishment of a National Biobank, and space
biotechnology experiments carried out in collaboration with ISRO. He also highlighted the expansion of
nuclear medicine facilities to deliver affordable cancer care and progress in deep ocean exploration
through missions such as Samudrayaan.
Referring to developments in emerging technologies, he said the National Quantum Mission has achieved
key milestones ahead of schedule, while India has entered the top ranks globally in several critical
technology domains. He noted that India’s Global Innovation Index ranking has improved from 81 to 39,
and that research and development expenditure has more than doubled over the past decade, reflecting
sustained national prioritisation of science and innovation.
Outlining the roadmap ahead, the Minister said clear milestones have been set for 2030, 2035, 2040 and
2047, including expansion of the bio-economy, scaling up of biotech startups, operationalisation of the
Bharatiya Antariksha Station, and advancement of marine biotechnology and carbon-neutral technologies.
By 2047, he said, India aims to emerge among the top three global bio-economies.
Addressing students, researchers and innovators, Dr. Jitendra Singh described them as the “Amrit
Generation” and called upon them to lead India’s next phase of scientific transformation. He urged
institutions like IIT Roorkee to play a leading role in bio-manufacturing, innovation and research, adding
that the journey towards Viksit Bharat 2047 will be shaped by laboratories, startups and young scientific
minds working together to build a globally relevant, innovation-driven India.PHOTO: Union Minister Dr Jitendra Singh delivering keynote address at the International
Conference “Vision 2047: Prosperous and Great Bharat 2.0”, organised by IIT Roorkee, on Friday.
*****
NKR/AK/AV
(Release ID: 2255293) Visitor Counter : 438
Read this release in: Urdu , ही