The US Trade Representative (USTR) has questioned India for the country’s growing spurious medicine problem. According to the USTR report, nearly 20% of all pharmaceutical goods sold in the Indian market are counterfeit, which is a damning claim given India’s growing pharmaceutical market and its decades-long reputation as the “pharmacy […]
Indian
Accelerating the growth of the Indian pharmaceutical industry
The pharmaceutical industry in India is the third-largest by volume across the world and the fourteenth largest in terms of value. For the year 2019-2020, the total annual turnover for the industry was INR 2, 89,998 crores and pharmaceutical exports were to the tune of INR 1, 46,260 crores. India […]
Leapfrogging into the future of Indian pharma
Over the last two decades, the Indian pharma industry has grown leaps and bounds driven by its strength in the global generics space to the extent of being conferred the stature of becoming the pharmacy of the world. The Indian pharmaceutical industry ranks third worldwide for production by volume and […]