HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India's bioeconomy sector to reach $300 billion by 2030: NITI Aayog
Nov-04-2025

NITI Aayog in its report titled 'Reimagining Agriculture: A Roadmap for Frontier Technology Led Transformation' has projected India's rapidly advancing bioeconomy sector which encompasses agriculture, forestry, fisheries, and aquaculture to reach $300 billion by 2030. It emphasized that a robust agricultural system is essential for a nation's sovereignty, ensuring the fundamental imperative of food security. It added that agricultural transformation lies at the heart of India's vision to become a developed nation by 2047.

With an aim to enhance productivity, sustainability, and incomes across India's diverse agricultural landscape, the report has outlined a strategic vision to harness frontier technologies, including climate-resilient seeds, digital twins, precision agriculture, agentic AI, and advanced mechanisation. NITI Aayog CEO BVR Subrahmanyam noted that no two farmers in India are the same, and technology must reflect that diversity.  Subrahmanyam added 'The real impact of frontier technologies will come from how well we customize solutions -- whether for a smallholder or a commercial cultivator; a farmer growing staples or a horticulturist.'


To address the varied challenges faced by smallholders to commercial cultivators, the report has offered tailored, actionable solutions by segmenting farmers into three primary archetypes -- aspiring (70 to 80 per cent), transitioning (15 to 20 per cent), and advanced (1 to 2 per cent). Further, it noted that with the right interventions, India can unlock new levels of agricultural resilience, inclusive rural prosperity, and global competitiveness in Agri-tech innovation.

  RELATED NEWS >>