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A self-reliant pharma industry

  • Published
    8th Feb, 2022

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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