The Indian pharma industry is ready to shine globally with its export mark reaching the value of Rs. 1.83 lakh crore
The Indian pharma industry is ready to shine globally with its export mark reaching the value of Rs. 1.83 lakh crore Key Takeaways: In 2021-22, the pharma exports touched a mark of Rs. 1.83 lakh crore India stands third when it comes to the production of medicine and 14th in terms of value One of the primary reasons for the growth of the Indian pharma sector is the low cost of production and R&D. The pharma industry is the backbone of the Indian industry. Among the several contributing business niches, the pharma sector has outshined in terms of making profits and deliverables. It has made the name of the country shine on a global pedestal. Whether it was the pandemic, developing vaccines for novel Coronavirus, or exporting generic medicines to the nations, the pharma sector has held a strong position in all these forums. The latest addition to its growth comes from the pharma industry’s exports ...