March 21, 2026 11:17 AM
Domestic pharma market seen touching $130 billion by 2030
India’s pharmaceutical industry has grown into a globally integrated and policy-supported sector, ranking third in the world by volume and 11th by value, according to an official factsheet released on Saturday. The sector comprises over 3,000 companies and more than 10,500 manufacturing units, reflecting its scale and expanding production base. The domestic pharmaceutical market, currently valued at $60 billion, is projected to reach $130 billion by 2030. As per the Economic Survey 2025-26, ...