Best Pharma stocks to buy in India
Brief about Indian Pharma Industry The pharmaceutical industry in India, US$40 billion by value, world's 3rd largest by overall volume and world's largest as provider of generic medicines globally, with 20% and 3.5% share of total global pharmaceutical exports by volume and value respectively to more than 200 countries and territories in 2021.
Most pharma companies operating in India, even the multinationals, employ Indians almost exclusively from the lowest ranks to high-level management. Homegrown pharmaceuticals, like many other businesses in India, are often a mix of public and private enterprise. In terms of the global market, India currently holds an accountable share and is known as the pharmacy of the world and as the biggest generic supplier. India gained its foothold on the global scene with its innovativelyengineered generic drugs and active pharmaceutical ingredients (API), The country accounts for around 30 per cent (by volume) and about 10 per cent (value) in the US$70–80 billion US generics market.
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