The year 2024 has been one of incredible progress for India in both technology and medicine. From AI changing industries to major breakthroughs in nuclear energy, space exploration and quantum computing, it has indeed been a year to remember.
The story, however, goes back much further. India has been breaking barriers, from rolling out 5G networks to developing four Made-in-India COVID vaccines, not just for itself, but for the world. Today, the world is taking notice of India's spirit of innovation. With the third largest start-up ecosystem and a record 64,480 patent applications filed in 2023, India has firmly secured its spot as the sixth largest globally in patent filings.
A document released by the government highlights some of the significant breakthroughs and innovative projects that have been undertaken across various fields in 2024. Powered by initiatives like the Production Linked Incentive (PLI) and Bulk Drug Parks, India's pharmaceutical exports soared from over $15 billion to about $28 billion over the past decade ending FY24. Similarly, Biotechnology has also expanded 13-fold, from $10 billion in 2014 to $130 billion in 2024, targeting $300 billion by 2030.
This story is from the January 01, 2025 edition of The Statesman Delhi.
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This story is from the January 01, 2025 edition of The Statesman Delhi.
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