A self-reliant pharma industry

The pharmaceuticals industry is a key sector for the Atmanirbhar Bharat programme. Schemes need to be modified in order to make the sector attractive for the investors.

India’s Pharma Industry

India is the largest provider of generic drugs globally. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK.
Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value.
The domestic pharmaceutical industry includes a network of 3,000 drug companies and ~10,500 manufacturing units.
India enjoys an important position in the global pharmaceuticals sector.
The country also has a large pool of scientists and engineers with a potential to steer the industry ahead to greater heights.
Presently, over 80% of the antiretroviral drugs used globally to combat AIDS (Acquired Immune Deficiency Syndrome) are supplied by Indian pharmaceutical firms.

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