Pharmacy of the World - Indian Pharmaceutical Alliance
Discover how India plays a pivotal role in the global pharmaceutical industry, supplying affordable and high-quality medicines worldwide.The Indian pharmaceutical industry plays a significant role globally, with a 20% share in the export of generic drugs and a 60% share in the supply of low-cost vaccines. Due to affordable healthcare and drugs, India has a 36% lower per person disease burden (DALY), as per data accumulated in 1990-2016. It is the third largest pharma player in terms of Volume and 14th largest in terms of Value. In 2021-22, the Indian pharma industry had a total market size of USD 50 Bn. It creates 2.7 million jobs created directly and indirectly.
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