India has The 3rd Largest Pharmaceuticals Industry in The World By Volume
SNAPSHOT Indian pharmaceuticals- a formula for success India is the largest provider of generic medicines globally, occupying a 20% share in global supplies by volume. The country is home to 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities.
The cost of production in India is around one-third of that in the US and almost half of that in Europe. India is the source of 60,000 generic brands across 60 therapeutic categories and manufactures more than 500 different Active Pharmaceutical Ingredients (APIs). The export of generic drugs is one of India’s core strengths. The export of Pharmaceuticals stood at $ 16.3 bn in 2015-16.