Pharmaceuticals Industry in India

The Indian economy is projected to overtake both Japan and Germany in 2027 (FY28 for India) to become the 3rd largest economy, growing at a CAGR of 8.8% to reach USD 5.2 trillion by 2027.

In PPP terms, which focuses on the purchasing power of the domestic currency within the economy, India is already the third-largest economy, well above Japan and Germany.

Pharmaceutical is one of the top 10 sectors attracting the foreign Investments in India. It contributes ~1.72% to the country’s GDP.

India exports pharmaceutical formulations to more than 200 countries around the world, including the highly regulated markets of the USA, West Europe, Japan, and Australia.