The Economics of Indian Pharma

Uncover the numbers that drive decisions, shape markets, and tell the story of a sector in transformation.

India’s Pharmaceutical Landscape

Market size growth (2000–2024)

India's Role in Global Health Solutions

Take pointers from here to show what role pharma has played in India

Inside the Indian Pharma Market (IPM)

Drug category-wise IPM

Retail vs other channels

India's pharmaceutical industry was valued at INR 2.42 lakh crores (USD 29 billion) in 2023 and is expected to nearly double to INR 4.60 lakh crores by 2030, growing at 9.6% annually.

Four key segments drive this growth: Patented Drugs, Branded Generics, Trade Generics (TGx), and Generic Generics. As market conditions and regulations change, these segments continue to adapt, strengthening India's position as a global leader in affordable healthcare solutions.