Indian Pharmaceuticals Industry Analysis

India is among the top 10 pharmaceutical exporting countries with its share of the global market on the rise compared to the previous 5 years.

Advantage India

Cost
Efficiency

* Low cost of production and R&D boosts efficiency of Indian pharma companies, leading to competitive exports.

* Indian drugs and pharma exports reached US$ 5.78 billion between April 2021- June 2021.

Economic
Drivers

* High economic growth along with increasing penetration of health insurance to push expenditure on healthcare and medicine in India.

policy
Support

* In June 2021, Finance Minister Ms. Nirmala Sitharaman announced an additional outlay of Rs. 197,000 crore (US$ 26,578.3 million) that will be utilised over five years for the pharmaceutical PLI scheme in 13 key sectors such as active pharmaceutical ingredients, drug intermediaries and key starting materials.

Increasing
Investment

* The FDI inflows in the Indian drugs and pharmaceuticals sector reached US$ 1.206 billion between April-December 2021.

Last updated: Apr, 2022

Major states for Pharmaceuticals

  • Karnataka
  • Maharashtra
  • Gujarat
  • Uttar Pradesh
  • Delhi NCR
  • Tamil Nadu
  • Telangana

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