Indian pharmaceutical industry has attained wide ranging capabilities in the complex field of drug manufacture and technology. Around 70% of the country's demand for bulk drugs, drug intermediates, pharmaceutical formulations , chemicals, tablets, capsules, orals and vaccines is met by Indian phrmaceutical industry.Most of the Indian phrma companies are approved by the regulatory Authorities of the UK and the US as these comanies conform to the highest quality standards prescribed by the above mentioned regulatory Bodies. Moreover India holds the lion's share of the world's contract research business.business . The future of the Indian pharma sector looks extremely positive as the Indian pharma are vying for the branded generic drug space to regidster their global presence. The decision of the Obama Govt in the US to opt for the generic drug in the new health care system will be a wind fall for the Indian Pharma sector as we have a strong foot hold on the generic drug businees abroad.
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In my opinion, India is well-position in the current pharma landscape. The generics industry will keep moving upwards and with more FDA approved clinical research facilities it only gets better. However, we have a long way to go in the branded or patented drugs area. But with growing pharma companies launching low cost patented drugs (recently Intas pharma launched a new cancer drug a few weeks back), I think the India Pharma industry has miles to go. Although economic slowdown has definitely affected alternate medicine like ayurveda.
Hope this helps. I will try and get more statistics.
Source: Google news and Best Practices, LLC research