India’s pharmaceutical industry: Some evidence

• Author Details:   
• N. Karunakaran ^*

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An aging population, an increase in lifestyle diseases, and rising consumer demand for healthcare are expected to propel India's pharmaceutical industry, currently valued at about $58 billion, to grow to $120-130 billion by 2030 and $400-450 billion by 2047. With up to 74% of FDI permitted and green field venture procedures made simpler, India is establishing itself as a major location for international investors wishing to grow in the life sciences and healthcare industries.

Keywords: India; Pharmaceutical industry, Growth, Global supply