Strong growth, global supply dominance and policy support drive industry expansion
-
![]()
nastinka / iStock [Photo source]
India has emerged as one of the world’s leading pharmaceutical producers, ranking third globally by volume and 11th by value, according to the latest official data highlighting the sector’s rapid expansion and growing international footprint, reports IANS, a partner of TV BRICS.
The country’s pharmaceutical industry now comprises more than 3,000 companies and over 10,500 manufacturing units, forming a highly integrated ecosystem supported by policy reforms, innovation and rising global demand. The domestic market, currently valued at around US$60 billion, is projected to more than double to US$130 billion by 2030.
Pharmaceutical exports alone totalled US$30.5 billion in 2024–25, marking a nearly 16-fold increase since the early 2000s.
India remains the world’s largest supplier of generic medicines, accounting for approximately 20 per cent of global supply and producing tens of thousands of formulations across a wide range of therapeutic categories. The country also plays a critical role in global vaccination efforts, supplying a significant share of essential vaccines used in international immunisation programmes supported by organisations such as UNICEF and the World Health Organisation.
In addition, the country has a significant presence in the production of active pharmaceutical ingredients, contributing around 8 per cent of global output. Ongoing and proposed trade agreements with major international partners are expected to further enhance market access and strengthen India’s position within global healthcare supply chains.
-
![]()
Economy11.08.26Egypt expects to attract high-quality investment from India into industry and exports -
![]()
Economy11.08.26Iran links agricultural and water data systems to improve resource use -
![]()
Economy11.08.26India and Russia to expand cooperation in industry, aviation, rail transport and mining -
![]()
Economy10.08.26Iran expands satellite infrastructure with three planned launches -
![]()
Economy10.08.26Zimbabwe records first US$1 billion monthly export earnings -
![]()
Economy10.08.26China, Russia and Kazakhstan become Uzbekistan's largest trading partners in first half of 2026
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
