Bengaluru, Jan. 30 -- The Indian pharmaceutical industry is a global leader, ranking third in volume and 14th in value, with a market size of over $50 billion. Known as the "pharmacy of the world," it supplies 20% of global generic medicines and is a key player in vaccines, exporting to over 200 countries. The industry is driven by strong R&D, cost-effective manufacturing, and a skilled workforce.

Companies like Sun Pharma, Dr. Reddy's, Cipla, and Granules India lead the sector. With increasing healthcare spending, rising chronic diseases, and export demand, India's pharma industry has immense growth potential, especially in biotechnology, biosimilars, and innovative drug development.

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