As the global third-largest industry by volume and thirteenth largest in terms of value, Indian Pharmaceutical industry
is likely to become leader in manufacturing soon. In last 30 years’ Indian pharmaceutical industry has risen as one of the major
leader in drug production from almost nothing. Earlier multinational companies used to import drugs either in fully formulated
or bulk form. The credit for this steep curve in growth can be given to the double benefit, firstly the raised in domestic
consumption capacity of India and secondly to the different export opportunities available in India. It is one of the major
donation to Indian economy with a growth percentage of 7-8%. Indian pharmaceutical industry is predicted to out perform the
global pharmaceutical industry expected to grow at 5% per annum as it is presuming to grow at 15 per cent per annum between
2014 and 2019. Indian industry is expected to grow to US $ 55 billion by 2020.
