Indian Pharmaceutical Industry

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 drug & pharmaceutical exports stood at US$ 24.60 billion in FY22 and US$ 24.44 billion in FY21.

Cost Efficiency

Economic
Drivers

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

Economic Drivers

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.

Policy Support

Increasing
Investment

* The FDI inflows in the Indian drugs and pharmaceuticals sector reached US$ 19.41 billion between April 2000- March 2022.

Increasing Investment
Last updated: Oct, 2022

Major states for Pharmaceuticals

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

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Top Pharmaceutical Companies in India

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