• In 1969, Indian pharmaceuticals had a 5 per cent share of the market in India, and global pharma had a 95 per cent share. By 2020, it was the reverse, with Indian pharma having an almost 85 per cent share and global, 15 per cent
• India supplies affordable and low-cost generic drugs to millions of people across the globe and operates a significant number of United States Food and Drug Administration (USFDA) and World Health Organization (WHO) Good Manufacturing Practices (GMP)-compliant plants.

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5 Reasons Why India Is the ‘Pharmacy’ of the Developing World

1. Millions of people around the world rely on affordable medicines made in India to stay alive, making the country the ‘pharmacy’ of the developing world
2. Access to affordable HIV treatment from India is one of the greatest success stories in medicine
3. India is one of the biggest suppliers of low-cost vaccines in the world
4. India prevents ‘evergreening’ and makes affordable generics possible.
5. Sky high prices of patented drugs in the US vs low cost Indian generics

Source: Better India