By 2030, the Indian pharmaceutical sector is expected to have grown 58% to $130 billion.
With $27.85 billion in export revenue, India solidifies its standing as the “Pharmacy of the World.”
The Indian pharmaceutical sector is currently worth $55 billion. By 2047, it is expected to reach $450 billion.
With $27.85 billion in exports to date, India is firmly establishing itself as the “Pharmacy of the World.”
The pharmaceutical industry in India is predicted to keep growing, reaching a $1 trillion market by 2047.
India’s pharmaceutical sector contributes roughly 2% of the country’s GDP and ranks third in the world in terms of pharmaceutical output volume and fourteenth in terms of value.
India is the third-largest biotechnology destination in Asia-Pacific and one of the top 12 worldwide.
The factors that contribute to India’s leadership are low manufacturing cost, cost-efficient R&D and an abundant pool of skilled labour.
