Indian pharmaceutical industry is a highly knowledge based industry and is ranked world class in terms of technology, quality, purity, stability and international safety, health and environmental protection in production and supply of bulk drugs. Pharma sector plays a major role in the Indian economy as it caters to around 70% of the country’s total medicines demand including drug intermediates, bulk drugs, tablets and capsules.

Indian pharma sector

Increasing Size of Indian pharma sector

At present, market size of the industry stands at around Rs 1,30,000 crore of which about 50% of revenue is represented by industry’s exports, while the remaining comes from domestic consumption. On global front, Indian pharmaceutical industry stands at 3rd largest in terms of volume and 13th largest in terms of value. With the introduction of product patents system since 2005, industry has now become a worldwide exporter of high quality generic drugs to many countries across the world, including the US, Germany, France, Russia and UK among others.

Export of Pharmaceutical Products

Export of Pharmaceutical Products

Indian pharmaceutical sector is highlyfragmented and unorganized with around 24,000 units with only around 330 large units from organised sector. Industry highly resides on innovations, spend a large portion of their revenue on research and development (R&D) activities.

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