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India’s Bioeconomy Challenges

Santhosh Kumar 30/06/2023
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India's Bioeconomy Challenges upsc notes Context Bioeconomy growth lack of funding and policy support Bioeconomy Definition Economic activity Biotechnology and biomass use Production of goods, services, energy India's Bioeconomy DBT's Bioeconomy Report 2022 2.6% contribution to GDP Prediction of 5% of GDP by 2030 Concerns Funding for DBT 0.0001% of India's GDP Lack of risk-taking policies Lack of biotechnology policy alignment Case Study Genetically Engineered (GE) Insects Guidelines Uncertainty of purpose GE insect applications Human and livestock health Crop management Standard of living improvement Disease burden reduction Food security enablement Environment conservation Absence of approved GE insect purposes Uncertainty for researchers Guidelines applicable to research only Trials approval from Genetic Engineering Appraisal Committee GE insects can't be recalled post-deployment Uncertainty of ambit Standard operating procedures for GE mosquitoes, crop pests, beneficial insects Lack of clarity on beneficial GE insects Way Forward Private funding attraction for biotechnology R&D Biotechnology policy revision for economic significance Importance of biotechnology for pandemic preparedness

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