Pharma Sector

Facts:
  • World third largest in terms of volume and 13th largest in terms of value
  • Domestic consumption account for about 47% and export about 53%
  • About $92 billion worth patented drugs expected to go off patent in US.
  • The market size of the country’s pharma industry is estimated at over $20 billion.
  • 100% FDI is permitted in the existing pharma companies through the approval route.
Keywords:
  • Jan Aushadhi Stores
  • IPR Issues
  • NPPA
  • Combination Drugs
  • Chandrakant Kokate Committee (Fixed-dose combination Drugs)

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