India is a major and fast-growing player in the pharmaceutical market.
Being the world’s largest provider of generic drugs, it accounts for over 20% of the global production by volume. India also supplies over 50% of the world’s vaccine output.
Overall production in India accounts for 10% of the global medicine supply by volume and close to 2% by value. India is the source of 3,000 pharmaceutical companies and 60,000 generic brands across 60 therapeutic categories, manufacturing more than 500 different Active Pharmaceutical Ingredients (APIs).
The local pharmaceutical market is expected to reach US$ 21 billion by the end of 2020 with high single digit growth.

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