What Are The Trends In Pharma Industry?

India is a trendsetter in the pharma sector of the world. The latest pharmaceutical industry trends show that India will continue to play a lead role in the pharma sector of the world.

• The country has allowed FDI of up to 100% in the pharma sector.

• The total FDI in the pharma sector has increased to US $21 billion in 2022.

• Indian pharma sector received FDI worth US $20 in March 2022.

What is The Growth Of Pharma Sector In India?

The pharmaceutical industry in India contributes a significant amount to the country's economy. India produces generic drugs for the world markets. It is one of the largest producers of generic drugs.

 Presently Indian pharma sector is valued at over $40 billion.

 India exports generic drugs of over $20 billion annually to the US, Europe, and Africa.

 Indian pharma companies are making heavy investments in research and development of generic drugs.