Pharmaceuticals

The Indian pharmaceutical industry has grown in recent years to become a major manufacturer of health care products to the world. India produced about 8 per cent of global pharmaceutical supply in 2011 by value, that included over 60,000 generic brands of medicines sold around the world. It is one of the fastest growing sub sectors of its industry and significant contributor of India s export earnings. The state of Gujarat has become a hub for the manufacture and export of pharmaceuticals and APIs. The industry is expected to double from its 2012 levels to US$55 billion by 2020, according to a McKinsey report.