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International Business Times

Business

Binitha Jacob

India Seeks Bigger Foothold In Pharmaceutical Industry As Drugmakers Look Beyond China

India China United States Veeramani WHO

KEY POINTS

India's pharmaceutical industry is currently valued at $50 billion and will likely exceed $130 billion by 2030
New Delhi has been heavily reliant on cheap APIs from China
Big biotech companies are eyeing Indian manufacturers for drug development

India's global market share in the pharmaceutical business will grow as the industry, currently valued at $50 billion, is expected to exceed $130 billion by 2030.

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