By volume, India is the largest exporter of generic medications in the world, accounting for 20% of all pharmaceutical exports. With more than 50% of all vaccines produced globally, it is also the largest vaccine supplier globally by volume.
India is home to the most US Food and Drug Administration (USFDA)-compliant pharmaceutical production facilities, with 500 API companies accounting for around 8% of the global API market.
Over 50% of the world’s demand for various vaccines is met by the Indian pharmaceutical industry, as is 40% of the US market for generic drugs and 25% of the UK market for all medicines. A total of 10,000 manufacturing facilities and 3,000 medicinal businesses make up the domestic pharmaceutical industry. India holds a significant place in the world’s pharmaceutical industry.