India: From Generics Giant To Innovation Powerhouse?
India is recognized as a leading manufacturer of generics, contributing significantly to the global pharmaceutical market. The recent free trade deal with the EU is expected to enhance the sector's prospects. However, the country's transition towards innovation may not yield significant breakthroughs in the near future.
- ▪India is the world's most dominant generics manufacturer.
- ▪The pharmaceutical sector is now the eleventh-largest globally.
- ▪The recent free trade deal with the EU is expected to improve the sector's outlook.
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