7.1 Definition of Bioeconomy by India

The bio-economy of India refers to economic activities that are based on the sustainable utilization of biological resources, including agriculture, forestry, fisheries, and the associated processing and manufacturing industries. Government organizations like the National Development and Reform Commission, the Department of Biotechnology, and the Ministry of Science and Technology frequently support this definition. Another aspect of India’s bioeconomy focuses on utilizing biological resources to create sustainable solutions for various industries, including agriculture, healthcare, and environmental protection. Numerous organizations, including the Ministry of Environment, Forests, and Climate Change, support this definition. The bio-economy in India has been growing steadily due to several factors, including increased awareness of sustainability, rising demand for organic and natural products, and advancements in biotechnology. (Das et al., 2023).