Please use this identifier to cite or link to this item: https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/2552
Title: Advantages of Using Nanobiotechnology In Enhancing The Economic Status of The Country
Authors: Trivedi, Darshini
Chavali, Murthy
Vohra, Shivani
Salunkhe, Pracheta
Tripathi, Sudhanshu
Keywords: Applications
Economy
Knowledge-based economy
Nano Mission
Nanobiotechnology
Technological advances
Issue Date: 2023
Publisher: Elsevier
Citation: Chapter 19; pp. 369-392
Abstract: High-level economic status is possible with sustainable scientific and technological progression but is overwhelmingly impacted by its biodiversity, agriculture, health care, food, and energy resources. Nanobiotechnology appears to be the technology that has an extensive and deep impression on the economic growth of these sectors. In a world of ever-expanding and never-ending need for resources, modernization of conventional methods is required to maintain the demand and supply ratio. Nanobiotechnology R&D seemed to be a greener and sustainable alternative to several deep-rooted traditional technologies. Developed economies have witnessed immense contributions of nanobiotechnology in revolutionizing industries; a specialized area with wide applications and offers numerous advantages by reducing energy needs, enhancing productivity, higher efficiency, cost-effectiveness, low toxicity, and increased durability. This chapter focuses on the advantages of nanobiotechnology in enhancing the economic status of a nation and explores the potential of nanobiotechnology in reducing production costs, minimizing operational energy needs, generating employment, and enhancing bioeconomy by conversion of waste and resources into value-added products, which has caught the interest of the emerging economies. Developing economies have understood the importance of setting a national plan aiming to take serious actions in developing the nanosector and also realized nanobiotechnology as a catalyst for growing industries to innovate and reshape their economic development. A strategic plan is required to target the innovation epicenter that can promote emerging economies’ social and economic sustainability. This would encourage a transformation of a nation toward a knowledge-based economy. © 2023 Elsevier Inc. All rights reserved.
URI: https://doi.org/10.1016/B978-0-323-98387-7.00017-3
http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/2552
ISBN: 9780323983877
9780323985833
Appears in Collections:Book/ Book Chapters

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