The World Is Looking For Affordable Drugs – and India Needs to Keep Delivering
The export of generic pharmaceuticals is one of India’s strengths. But both the government and manufacturers need to do more if they want to continue to stay ahead of China.
In 2016, India exported $651 million worth of pharmaceutical products to Latin America, as compared to China’s $404 million-worth pharma exports. In fact, India has consistently beaten China in the last five years in pharma exports to Latin America. What makes this even more interesting is that India imports the bulk of its raw materials from China, converts them into finished products and exports them.
- Health Care