How is The Indian Pharmaceutical Industry Booming?
India is the world's leading supplier of generic medicines. In the Indian pharmaceutical industry the market for multiple vaccines is over 50 percent global, in the US 40% generic, and in the UK 25 percent. The world's pharmaceutical industry occupies a significant role in India. The nation still has a large pool of scientists and engineers who can lead the industry to higher levels. Currently, Indian pharmaceutical companies are supplying more than 80 percent of the antiretrovirals used internationally to control AIDS (Acquired Immune Deficiency Syndrome). It is estimated that the Indian pharmaceutical industry will expand to $100 trillion, with growth of US$25 billion expected by 2025. In the financial year 20, exports of pharmaceutical products from India amounted to US$ 16.3 billion. Pharmacy exports include bulk pharmaceutical, intermediate, pharmaceutical, biological, Ayush, and herbal and operative products. India exported $15.86 billion in FY21 pharmaceutical...