Over the years, India has become a leading pharmaceutical producer, with a fast growing generics and biosimilar market. India currently ranks fourth in the world among the highest generic pharmaceuticals producers and contributes 20% of global generic drug exports.
The global pharmaceutical market is evolving fast. The focus is now shifting from developed markets like the United States and Europe, where year-over-year growth is cooling down, to emerging markets like India, China and Russia. In these emerging markets, the scope for growth and opportunity is immense! India both produces and consumes pharmaceutical drugs, so it is very important for the global pharmaceutical market—and it has immense growth potential.