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The Indian Pharmaceutical Sector:
  • The pharmaceutical industry, currently valued at USD 50 Bn and is expected to reach USD 130 Bn by 2030.
  • The Indian pharmaceutical sector grew at a modest CAGR of 6.6 percent from 2016 to 2019 and it is predicted to rise at a CAGR of 12.3 percent from 2020 to 2030, attaining USD130 billion goal.
  • The Indian pharmaceutical industry is the world's third largest by volume and fourteenth largest in terms of value.
  • The COVID-19 pandemic has shown that India can not only innovate but also rapidly distribute time-critical drugs to every part of the globe.
  • Indian medicines are preferred worldwide because of the low price and high quality, thereby rightly making the country the “pharmacy of the world”.
  • Globally the country is the largest provider of generic drugs with a 20 percent share by volume and is known for its affordable vaccines and generic medications.

The Indian Pharmaceutical Sector:
  • The pharmaceutical industry, currently valued at USD 50 Bn and is expected to reach USD 130 Bn by 2030.
  • The Indian pharmaceutical sector grew at a modest CAGR of 6.6 percent from 2016 to 2019 and it is predicted to rise at a CAGR of 12.3 percent from 2020 to 2030, attaining USD130 billion goal.
  • The Indian pharmaceutical industry is the world's third largest by volume and fourteenth largest in terms of value.
  • The COVID-19 pandemic has shown that India can not only innovate but also rapidly distribute time-critical drugs to every part of the globe.
  • Indian medicines are preferred worldwide because of the low price and high quality, thereby rightly making the country the “pharmacy of the world”.
  • Globally the country is the largest provider of generic drugs with a 20 percent share by volume and is known for its affordable vaccines and generic medications.
  • For the period 2021-22, export of drugs and pharma products stood at USD 24.6 Bn.
  • India supplies over 50% of Africa’s requirement for generics, ~40% of generic demand in the US and ~25% of all medicine in the UK. India also accounts for ~60% of global vaccine demand, and is a leading supplier of DPT, BCG and Measles vaccines. 70% of WHO’s vaccines (as per the essential Immunization schedule) are sourced from India.
  • The domestic pharmaceutical industry includes, more than 24,000 registered pharma SMEs (Small and medium enterprises), and a whole network of 3,000 drug companies and ~10,500 manufacturing units.
  • The pharmaceutical industry in India offers 60,000 generic brands across 60 therapeutic categories. Major segments of Indian Pharmaceutical Industry include generic drugs, OTC medicines, bulk drugs, vaccines, contract research & manufacturing, biosimilars and biologics.
FICCI Pharma: Key Activities
  • FICCI Pharma Team work closely with the government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialized services and global linkages. It also provides a platform for sector specific consensus building and networking. It has been actively involved in organizing stakeholder consultations/Roundtable Meetings, conferences and seminars, providing an opportunity for interaction between the industry and the policy makers, to identify the various impediments to the growth and functioning of the industry and to come out with prospective solutions.

  • FICCI in partnership with the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers organizes the "India Pharma and India Medical Devices" annual flagship event in the pharma & Medical Device sector. This event provides a unique platform to the stakeholders to deliberate and address key issues, identify challenges and chart a road map for India to take a rightful place as a preferred destination of choice for Drug Discovery, Research & Development and Manufacturing to become globally competitive.

Team Leader

Praveen K Mittal

Assistant Secretary General

Timeline

2024
Mar
Press Release

Dr Mansukh Mandaviya inaugurates 51 greenfield projects under PLI scheme for Bulk Drugs and Medical Devices

2023
Aug
Press Release

Bhagwanth Khuba, Union Minister of State for Chemicals & Fertilizers, GoI addresses valedictory session of ‘India MedTech Expo 2023’, Gandhinagar,Gujarat

Press Release

Government has formulated a scheme namely ‘Promotion of Research and Innovation in Pharma MedTech Sector’

Press Release

World eager to invest in India’s MedTech sector: Dr Mansukh Mandaviya 

Press Release

Govt adopting holistic approach to make India a global hub of Medical Devices, set to become $50 billion industry soon: Dr Mansukh Mandaviya

Event

Curtain Raiser: India MedTech Expo 2023

Jan
Event

2nd Pharmaceutical Task Force Meeting for development of a Self-Regulatory, Evidence-based code of marketing for antibiotics, focusing on the primary care setting, in association with Oasis Consortium

Event

FICCI Pharma Working Group Meeting 2023

2022
Dec
Event

Multi-Stakeholder Workshop on "Role of Policy in enhancing awareness around Vaccine-Preventable Diseases"

Event

Discussion on Health System Sustainability & Resilience

Press Release

Cholesterol check must become part of diabetes and BP screening to improve India's Heart Health: Experts

Nov
Event

National Round Table on Unmet needs in Heart Health - Elevating the under-rated risk factors

Event

Pharmaceutical Task Force for development of a Self-Regulatory, Evidence-based code of marketing for antibiotics, focusing on the primary care setting, in association with Oasis Consortium

Sep
Event

FICCI Pharma Committee Meeting 2022

Aug
Event

Consultation on Evidence-based Marketing of Antibiotics in Association with Oasis Consortium

Apr
Study

Transforming Healthcare Through Innovation & Integrated Services

Study

Impact of the Pharma Industry on the Indian economy in the post-COVID era

Event

7th International Conference on Pharmaceutical & Medical Device Sector

2021
Sep
Press Release

Pharmacoeconomics can aid policy makers and healthcare providers in evaluating affordability and access to reasonable drug use: Dr Sangita Reddy, Immediate Past President, FICCI

Event

Virtual Conclave on Integrating Methods of Pharmaco-economics to accelerate Healthcare Transformation 2.0 (IMPACT 2.0)

Feb
Event

India Pharma 2021 & India Medical Device 2021

Press Release

Indian Pharma market is expected to grow to US$ 130 billion by 2030: DV Sadananda Gowda

Jan
Event

COVID Vaccine Rollout - Key Learning’s and preparedness for Phase 2

2020
Dec
Press Release

State governments geared up to tackle vision care during pandemic: Experts

Event

Central and West conclave of the Spotlight on Visually Impaired in the wake of COVID-19

Nov
Event

Pharmaceutical Technology - The Way Forward

Sep
Press Release

Need to create more awareness across the country on vision care: Industry Experts

Aug
Press Release

Govt to soon formulate comprehensive eye care package for visually impaired: Economic Advisor, MoH&FW

Press Release

e-Pharmacies can collaborate with CSCs to improve healthcare access in rural areas: MoS Health & Family Welfare

Study

ePharmacies at COVID-19 Frontline

Jul
Press Release

FICCI Statement on Bulk Drug Park and Production Linked Incentive (PLI) Scheme

Jun
Press Release

FICCI applauds ICMR strategy for calibrated ramping up of the covid-19 testing

Press Release

Govt to come up with regulatory guidelines for OTC drugs - Dy Drug Controller, MoH&FW

Press Release

Quality, trust, transparency critical for the healthcare industry: Joint Secretary, Department of Commerce

Press Release

Need for effective public health approach on the ground to control COVID-19: Dr V K Paul, Member, NITI Aayog

Press Release

Industry should come forward to develop Pharma and Medical Devices parks - Mansukh Mandaviya

Event

Virtual Healthcare & Hygiene Expo 2020

Press Release

Need to create more awareness in rural, tribal areas on Sickle Cell disease and its management - Arjun Munda

Event

National Sickle Cell Conclave: World Sickle Cell Day 2020

May
Press Release

FICCI launches first international 'Virtual Healthcare and Hygiene Expo 2020'

Study

FICCI Recommendation on Regulatory Reforms for Pharma Sector in India

Mar
Press Release

FICCI welcomes Cabinet decision on Bulk Drug Parks

Press Release

India Pharma 2020 and India Medical Device 2020 focuses on clarity on changing regulatory scenarios

Study

Reshaping India into a life sciences innovationhub

Event

India Pharma 2020

Event

India Medical Device 2020

2019
Dec
Event

Indian Analytical Congress - 2019

Nov
Event

India Pavilion @ Pharmtech & Ingredients Expo

Sep
Event

INDIA PAVILION AT PHARMATECH EXPO 2019

Feb
Press Release

Access to affordable medical care and National Health Protection Scheme, priority of Government: D V Sadananda Gowda

Study

Use of Artificial Intelligence and Advanced Analytics in pharmaceuticals

Jan
Press Release

India Pharma 2019 & India Medical Device 2019 on 18-19 Feb. in Bengaluru

2018
Nov
Event

India Pavilion at Pharmtech & Ingredients Expo

Feb
Event

India Pharma 2018: International Exhibition & Conference on Pharmaceutical Industry

Study

Trends & Opportunities for Indian Pharma

2017
Dec
Study

Medical Value Travel in India: A Value Driven & Patient Centric Initiative

Mar
Event

India Pavilion at INTERPHEX 2017

Feb
Study

knowledge paper on "Towards Quality Excellence: Journey of the Indian Pharmaceutical Industry"

Event

2nd International Exhibition & Conference on Pharmaceutical Industry

2016
Nov
Press Release

FICCI launches Self-regulation Code of Conduct for the e-pharmacy sector

Aug
Press Release

FICCI welcomes Department of Pharmaceutical's move towards broadbased stakeholder consultations

Feb
Press Release

Indian Pharma sector poised to become future world hub

Jan
Study

Realising "Make in India"- Journey to become the most preferred manufacturer of high quality affordable medicines

2015
Jun
Study

Indian life sciences: Vision 2030 - Expanding global relevance and driving domestic access

Event

FICCI Life Sciences Conference 2015 'Pharma Vision 2030: Building India's Global Relevance'

Apr
Event

Regional GMP Strengthening Workshop for Indian Pharmaceutical Manufacturers and State Regulators” Focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms

Mar
Event

Indian Pharma Summit

Feb
Event

GMP Strengthening for Indian Pharmaceutical Manufacturers focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms

2014
May
Press Release

Leading journos recommend women to organize as pressure groups to increase their participation and numbers in politics

Mar
Study

Position Paper: Enhancing India's Global Role in Supply of Generic Medicines

Event

India Pharma Summit 2013-14

Press Release

Prolonged crisis in Ukraine could affect Indian pharma companies

Jan
Event

Regional workshops on GMP Strengthening for Indian Pharmaceutical Manufacturers focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms

2013
Sep
Event

Roundtable Discussion with Indian Pharmaceuticals & Diagnostics Industry Leaders & UNITAID Executive Director

2012
Dec
Study

Pharmerging shake-up

Study

ACCESS TO Medicines & Global Outreach SUMMIT

Event

India Pharma Summit-2012

2011
Nov
Event

India Pharma Summit

2010
Dec
Press Release

Joint China-India Tendering for Global Pharma Export Orders Possible Given China's Strengths in API Production, India's Capability in Formulations & Ability to Prepare Bid Documents: China Chamber

Nov
Event

2nd India Pharma Summit

Event

India Pharma Summit - 20100

2009
Event

India Pharma Summit 2009

Event

Competition Law and Pharmaceutical Industry - Opportunities and Challenges

Aug
Press Release

Global Pharma Companies Looking to India Advantage for Clinical Research Services: FICCI - E&Y Paper

Events

Aug, 2023

Curtain Raiser: India MedTech Expo 2023

Aug 10, 2023 FICCI, New Delhi

Jan, 2023

2nd Pharmaceutical Task Force Meeting for development of a Self-Regulatory, Evidence-based code of marketing for antibiotics, focusing on the primary care setting, in association with Oasis Consortium

Jan 12, 2023

FICCI Pharma Working Group Meeting 2023

Jan 05, 2023

Dec, 2022

Multi-Stakeholder Workshop on "Role of Policy in enhancing awareness around Vaccine-Preventable Diseases"

Dec 19, 2022

Discussion on Health System Sustainability & Resilience

Dec 09, 2022

Nov, 2022

National Round Table on Unmet needs in Heart Health - Elevating the under-rated risk factors

Nov 30, 2022

Pharmaceutical Task Force for development of a Self-Regulatory, Evidence-based code of marketing for antibiotics, focusing on the primary care setting, in association with Oasis Consortium

Nov 24, 2022

Sep, 2022

FICCI Pharma Committee Meeting 2022

Sep 19, 2022

Aug, 2022

Consultation on Evidence-based Marketing of Antibiotics in Association with Oasis Consortium

Aug 23, 2022

Apr, 2022

7th International Conference on Pharmaceutical & Medical Device Sector

Apr 25 - Apr 27, 2022 Dr. Ambedkar International Centre, Janpath, New Delhi

Sep, 2021

Virtual Conclave on Integrating Methods of Pharmaco-economics to accelerate Healthcare Transformation 2.0 (IMPACT 2.0)

Sep 23, 2021 Virtual Platform, 9:30am - 12:25pm

Feb, 2021

India Pharma 2021 & India Medical Device 2021

Feb 25 - Mar 02, 2021 Virtual Platform

Jan, 2021

COVID Vaccine Rollout - Key Learning’s and preparedness for Phase 2

Jan 22, 2021 Virtual Platform

Dec, 2020

Central and West conclave of the Spotlight on Visually Impaired in the wake of COVID-19

Dec 22, 2020 Virtual Platform

Nov, 2020

Pharmaceutical Technology - The Way Forward

Nov 24, 2020 Virtual Platform

Jun, 2020

Virtual Healthcare & Hygiene Expo 2020

Jun 22 - Jun 26, 2020 Webinar, 12:00 PM - 09:00 PM

National Sickle Cell Conclave: World Sickle Cell Day 2020

Jun 19, 2020 Virtual Platform, 11:00 AM - 01:00 PM

Mar, 2020

India Medical Device 2020

Mar 05 - Mar 07, 2020 Gandhinagar, Gujarat

India Pharma 2020

Mar 05 - Mar 07, 2020 Gandhinagar, Gujarat

Dec, 2019

Indian Analytical Congress - 2019

Dec 12 - Dec 14, 2019 NOIDA, Delhi NCR

Nov, 2019

India Pavilion @ Pharmtech & Ingredients Expo

Nov 19 - Nov 22, 2019 Moscow, Russia

Sep, 2019

INDIA PAVILION AT PHARMATECH EXPO 2019

Sep 17 - Sep 19, 2019 ACCO International Exhibition Centre, Kiev, Ukraine

Nov, 2018

India Pavilion at Pharmtech & Ingredients Expo

Nov 20 - Nov 23, 2018 Moscow, Russia

Feb, 2018

India Pharma 2018: International Exhibition & Conference on Pharmaceutical Industry

Feb 15 - Feb 17, 2018 Bengaluru, Karnataka

Mar, 2017

India Pavilion at INTERPHEX 2017

Mar 21 - Mar 23, 2017 New York, USA

Feb, 2017

2nd International Exhibition & Conference on Pharmaceutical Industry

Feb 11 - Feb 13, 2017 Bengaluru

Jun, 2015

FICCI Life Sciences Conference 2015 'Pharma Vision 2030: Building India's Global Relevance'

Jun 05, 2015 New Delhi

Apr, 2015

Regional GMP Strengthening Workshop for Indian Pharmaceutical Manufacturers and State Regulators” Focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms

Apr 22 - Apr 24, 2015 Ahmedabad, Bangalore and Goa

Mar, 2015

Indian Pharma Summit

Mar 23, 2015 Mumbai

Feb, 2015

GMP Strengthening for Indian Pharmaceutical Manufacturers focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms

Feb 19, 2015 Chennai

Mar, 2014

India Pharma Summit 2013-14

Mar 20, 2014 World Trade Centre, Mumbai

Jan, 2014

Regional workshops on GMP Strengthening for Indian Pharmaceutical Manufacturers focused on GMP in production of Active Pharmaceutical Ingredients and Oral Solid Dosage Forms

Jan 29 - Feb 06, 2014 Hyderabad , Ahmedabad, Chandigarh

Sep, 2013

Roundtable Discussion with Indian Pharmaceuticals & Diagnostics Industry Leaders & UNITAID Executive Director

Sep 02, 2013 FICCI, New Delhi

Dec, 2012

India Pharma Summit-2012

Dec 04, 2012 FICCI, Federation House, New Delhi

Nov, 2011

India Pharma Summit

Nov 29, 2011 FICCI, Federation House, Tansen Marg, New Delhi

Nov, 2010

India Pharma Summit - 20100

Nov 30, 2010 Mumbai

2nd India Pharma Summit

Nov 30, 2010 Mumbai

Nov, 2009

India Pharma Summit 2009

Nov 30, 2009 Mumbai

Competition Law and Pharmaceutical Industry - Opportunities and Challenges

Nov 25, 2009 New Delhi

Co-Chair

Mr. Sanjiv Navangul

Managing Director & CEO
Bharat Serum & Vaccines Group

Co-Chair

Mr. Amitabh Dube

Country President
Novartis Healthcare Pvt. Ltd

Advisor

Manab Majumdar

Senior Advisor Civil Nuclear Energy, Energy Security, Biotechnology, Clinical Research, Membership

Uniform Code of Pharmaceuticals Marketing Practices (UCPMP)

Download PDF

Drug Discovery and Development - Business Opportunities in India

Download PDF

Swachhata Hi Sewa - Plastic Waste Management and Banning of Single Use Plastics (SUPs): Action Plan of Department of Pharmaceuticals

Download PDF
Global Online Money |

Budget may announce R&D sops for pharma

The Hindu Business Line |

E-pharmacy is what the doctor ordered

Medical Dialogues |

India on way to become World’s Pharma Hub

International News and View Corporation |

Healthcare continues to be an integral part of the Government’s priorities

The Hindu Business Line |

Pharma sector to grow to $130 b by 2030: Gowda

Telangana Today |

Advantage Hyderabad

The Hindu Business Line |

Soon, QR codes may become mandatory on drug packs

The Statesman |

New pharma policy in 2 mths: Ananth Kumar

Indian Bureaucracy |

India Pharma & India Medical Device 2018

Indian Bureaucracy |

India Pharma & India Medical Device 2018

The Pioneer |

Jain calls for 50% profit cap on drugs

The Hindu Business Line |

E-pharma body releases prescription for self-regulation

The Indian Express |

Major online pharmacies to have ombudsman panel

The Economic Times |

Government may regulate e-Pharmacies soon

The Hindu |

'Amend Act to promote e-pharmacy'

millenniumpost |

Govt bats for promoting e-pharmacy

Business Standard |

Govt looking to amend Drugs and Cosmetics Act

The Hindu |

Bulk drug policy to be unveiled

Deccan Herald |

Bengaluru to host Indian medical expo

The Hindu |

New guidelines for e-pharma

Business Line |

Framework soon for online drug sale

Business Line |

Invest in R&D, pharma firms told

The Financial Express |

Govt exhorts pharma cos to invest more in R&D

The Financial Express |

Govt exhorts pharma cos to invest more in R&D

The Statesman |

Pharma Cos urged to invest in R&D

Business Standard |

India seeks cooperation in pharma from Japan

Business Standard |

Concern on Ukraine hits pharma stocks

The Financial Express |

Making medicines available to all

The Financial Express |

Pharma policy: Govt, industry lock horns

Financial Chronicle |

Govt to invest Rs 90 cr in low-cost drug stores

The Economic Times |

Govt plans VC fund to promote new drug research

The Financial Express |

'Medical tech sector to touch $14 bn'

Hindustan Times |

Medical tech industry to hit $14 bn by 2020

Business Line |

India resolves generic drugs row with EU

Business Standard |

Drug patent row: seizure issue with EU resolved

Indian Express |

India, EU settle generic drug seizure issue

Asian Age |

India, EU solve dispute over drugs

The Financial Express |

Patented drugs mkt at $8 bn by 2015: report

Business Standard |

Pharma market in global top 10 by 2015: Report

Dr Mansukh Mandaviya inaugurates 51 greenfield projects under PLI scheme for Bulk Drugs and Medical Devices

Detail Page

Bhagwanth Khuba, Union Minister of State for Chemicals & Fertilizers, GoI addresses valedictory session of ‘India MedTech Expo 2023’, Gandhinagar,Gujarat

Detail Page

Government has formulated a scheme namely ‘Promotion of Research and Innovation in Pharma MedTech Sector’

Detail Page

World eager to invest in India’s MedTech sector: Dr Mansukh Mandaviya 

Detail Page

Govt adopting holistic approach to make India a global hub of Medical Devices, set to become $50 billion industry soon: Dr Mansukh Mandaviya

Detail Page

Cholesterol check must become part of diabetes and BP screening to improve India's Heart Health: Experts

Detail Page

Pharmacoeconomics can aid policy makers and healthcare providers in evaluating affordability and access to reasonable drug use: Dr Sangita Reddy, Immediate Past President, FICCI

Detail Page

Indian Pharma market is expected to grow to US$ 130 billion by 2030: DV Sadananda Gowda

Detail Page

State governments geared up to tackle vision care during pandemic: Experts

Detail Page

Need to create more awareness across the country on vision care: Industry Experts

Detail Page

Govt to soon formulate comprehensive eye care package for visually impaired: Economic Advisor, MoH&FW

Detail Page

e-Pharmacies can collaborate with CSCs to improve healthcare access in rural areas: MoS Health & Family Welfare

Detail Page

FICCI Statement on Bulk Drug Park and Production Linked Incentive (PLI) Scheme

Detail Page

Govt to come up with regulatory guidelines for OTC drugs - Dy Drug Controller, MoH&FW

Detail Page

FICCI applauds ICMR strategy for calibrated ramping up of the covid-19 testing

Detail Page

Quality, trust, transparency critical for the healthcare industry: Joint Secretary, Department of Commerce

Detail Page

Need for effective public health approach on the ground to control COVID-19: Dr V K Paul, Member, NITI Aayog

Detail Page

Industry should come forward to develop Pharma and Medical Devices parks - Mansukh Mandaviya

Detail Page

Need to create more awareness in rural, tribal areas on Sickle Cell disease and its management - Arjun Munda

Detail Page

FICCI launches first international 'Virtual Healthcare and Hygiene Expo 2020'

Detail Page

FICCI welcomes Cabinet decision on Bulk Drug Parks

Detail Page

India Pharma 2020 and India Medical Device 2020 focuses on clarity on changing regulatory scenarios

Detail Page

Access to affordable medical care and National Health Protection Scheme, priority of Government: D V Sadananda Gowda

Detail Page

India Pharma 2019 & India Medical Device 2019 on 18-19 Feb. in Bengaluru

Detail Page

FICCI launches Self-regulation Code of Conduct for the e-pharmacy sector

Download PDF

FICCI welcomes Department of Pharmaceutical's move towards broadbased stakeholder consultations

Download PDF

Indian Pharma sector poised to become future world hub

Download PDF

Leading journos recommend women to organize as pressure groups to increase their participation and numbers in politics

Download PDF

Prolonged crisis in Ukraine could affect Indian pharma companies

Download PDF

Joint China-India Tendering for Global Pharma Export Orders Possible Given China's Strengths in API Production, India's Capability in Formulations & Ability to Prepare Bid Documents: China Chamber

Download PDF

Global Pharma Companies Looking to India Advantage for Clinical Research Services: FICCI - E&Y Paper

Download PDF