India’s pharmaceutical sector, the world’s largest supplier of generic medicines, is growing at a rapid pace. According to a McKinsey report, pharmaceutical exports rose at 9% annually in 2024, nearly twice the global average. India now meets 20% of global drug demand, supplying 40% of the US Generic market and 25% of the UK market. The country has also surpassed the US In FDA-approved manufacturing sites.
#india #pharma #tariffs
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