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The Indian pharmaceutical industry has grown significantly over the past few decades from a small industry with limited capabilities to a major player in the global pharmaceutical industry. It is now the third largest producer by volume, manufacturing everything from basic medicines to complex biologics. However, it faces both challenges and opportunities in the new era of product patents, including issues around intellectual property, pricing regulations, and increased R&D costs. If India can further improve its regulatory system and offer incentives for research, it has the potential to become a global leader in pharmaceutical and biotech manufacturing.
The Indian pharmaceutical industry has grown significantly over the past few decades from a small industry with limited capabilities to a major player in the global pharmaceutical industry. …