India is the pharmacy to the world
- 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
- 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
- Access to affordable HIV treatment from India is one of the greatest success stories in medicine
- India is one of the biggest suppliers of low-cost vaccines in the world
- India prevents ‘evergreening’ and makes affordable generics possible.
- Sky high prices of patented drugs in the US vs low cost Indian generics
Source: Better India


