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What is the Scope of Biotechnology in not only India but in the World? Is it really worth it?

I am used to a common jokes in India about Biotechnology: 
"Dhoond kar lao us aadmi ko, jisne kaha tha Biotechnology le lo, aagey bahut scope hai! "
[' Translation: Find that **** person who had suggested that go for Biotechnology, there is great scope in future']

Your comments/suggestions are highly awaited!