By 2030, the Indian real estate market is expected to be worth $1 trillion USD. Growing worldwide real estate development will continue to present the Indian market with possible expansion opportunities.
The Indian biotechnology industry, which was valued at $92.3 billion in 2023, is expected to grow to $150 billion by 2025 and $300 billion by 2030. Rising domestic and international demand has boosted the growth of the biotechnology sector in India.
India's massive and affordably priced market makes it an ideal place for clinical trials. The central drug standard control organization, which oversees clinical trials in India, reduced the approval process to between 30 and 60 days, which offers opportunities for market growth.
In India, biofuels and bioenergy are growing increasingly popular among alternative resources. Imports of fossil fuels have grown more and more necessary due to rising energy consumption.
From 2019 to2025, the Indian biologics market is projected to grow at a compound annual growth rate (CAGR) of22%, reaching us$ 12 billion.
The government of India highlighted its plans to boost farm output and prioritize food security in the union budget for 2021–2022. This has made bio-agriculture even more crucial, as it will lead to food production that grows more efficient.
In the bio-it industry, biotechnology has tremendous potential for growth due to the growing demand for technology. With an adequate it infrastructure to meet the demands of the global bio-it industry, India's it sector grows significantly.
