New Delhi: India is a major player in the global pharmaceutical market. Here are some significant facets of India's participation:

1. Generic Drug Manufacturing: India is known as the "Pharmacy of the World" due to its robust generic drug manufacturing capabilities. It is one of the largest producers of generic medicines, supplying a substantial share of affordable generic drugs globally. Indian pharmaceutical companies have a strong presence in both developed and developing countries, offering a wide range of high-quality and cost-effective medicines.

2. Export Hub: India is a major exporter of pharmaceutical products. Its pharmaceutical exports contribute significantly to the global pharmaceutical market. Indian companies supply generic drugs, active pharmaceutical ingredients (APIs), formulations, vaccines, and other healthcare products to various countries, particularly in Africa, Asia, and Latin America.

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3. Drug Development and Research: India has a growing presence in drug development and research. The country has a large number of pharmaceutical research and development (R&D) centers and contract research organizations (CROs). These institutions collaborate with global pharmaceutical companies, conducting clinical trials, drug discovery, and formulation development.

4. Regulatory Framework: India has established a robust regulatory framework for pharmaceuticals. The Central Drugs Standard Control Organization (CDSCO) regulates the safety, efficacy, and quality of pharmaceutical products in the country. The regulatory standards and guidelines align with international standards, facilitating the export of Indian pharmaceutical products.

5. Affordable Medicines: Indian pharmaceutical companies are known for producing affordable medicines, making healthcare more accessible globally. This has been particularly impactful in developing countries, where cost-effective generic drugs from India help address healthcare challenges and improve patient outcomes.

6. Vaccine Manufacturing: India has emerged as a major player in vaccine manufacturing. Indian companies are at the forefront of producing vaccines for various diseases, including COVID-19. The country's vaccine manufacturing capabilities and capacity have played a crucial role in global immunization efforts

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7. Intellectual Property Rights (IPR): India's approach to intellectual property rights has been a topic of discussion and sometimes controversy. The country has implemented measures to promote access to affordable medicines, including issuing compulsory licenses for essential drugs. While this has contributed to the availability of affordable medicines, it has also raised concerns regarding intellectual property protection.

Overall, India plays a significant role in the global pharmaceutical industry thanks to its manufacturing capabilities, export-focused philosophy, drug development and research initiatives, and support for universal healthcare access.

From where India gets raw material for its pharmaceutical industry 

India produces a sizable amount of pharmaceutical industry raw materials domestically. Excipients, intermediates, active pharmaceutical ingredients (APIs), and other raw materials are all produced in the nation. A number of Indian businesses have set up manufacturing facilities all over the nation and specialise in the production of APIs. 

The Indian pharmaceutical sector has relied heavily on China as a source of raw materials. China has been the source of a sizable portion of India's imports of APIs, intermediates, and other raw materials. China has been a popular source because of its affordability and accessibility to a variety of raw materials.

How Much Percentage India handle in world's Pharma?

One of the world's top producers of generic medications is India. India is a significant player in the generic pharmaceutical market, supplying an estimated 20% of all generic drug exports worldwide.

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The global pharmaceutical market benefits greatly from India's pharmaceutical exports. The market share of Indian pharmaceutical exports to the world is thought to be between three and five percent.