Advantage India
Cost
Efficiency
* Low cost of production and R&D boosts efficiency of Indian pharma companies, leading to competitive exports.
* Indian drug & pharmaceutical exports stood at US$ 24.60 billion in FY22 and US$ 24.44 billion in FY21.
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$ 19.41 billion between April 2000- March 2022.
Related News
MOREMajor states for Pharmaceuticals
- Karnataka
- Maharashtra
- Gujarat
- Uttar Pradesh
- Delhi NCR
- Tamil Nadu
- Telangana
Posters
MORE
Pharmaceutical Companies in India
Indian pharma company have won around 40 per cent of all Abbreviated New Drug Approval (ANDA) from the US Food and Drug Administration (FDA) between january and july 2013.
IBEF Campaigns
MORE
India Organic Biofach 2022
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...
10th India Trend Fair 2022
The Tenth Edition of the India Trend Fair, Tokyo, Japan is being organised ...
Case Studies
MOREIndia's Food Processing Industry
The Indian food processing industry is among the largest in the nation in terms of growth, production, consumption and exports. The industry produces ...
India's Artificial Intelligence Revolution
Technological advancements have revolutionised the industry and businesses in the past few years, thus influencing the production process and supply c...
India's Infrastructure Ambitions
India is one of the world's fastest-growing economies, and infrastructure will play a massive role in helping the country take a huge development ...
IBEF BLOG
MORE
Growing Prospects of India's Chemical Industry
Chemical industry in India The chemical industry is both a knowledge- and ...
Rising Focus on Cybersecurity in India
Introduction Artificial intelligence (AI), quantum computing, 5G, Internet...
India's Flourishing Credit Ecosystem
Introduction One of the foundational elements of a modern, expanding, and ...
Partners
