Indian Pharmaceutical Companies: An Overview

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The Indian pharmaceutical industry is a leading science-based sector, recognized for its extensive capabilities in manufacturing and technology. It ranks as the world's third-largest by volume and fourteenth by value, experiencing significant growth over the last two decades. The market is highly fragmented, characterized by intense price competition and government price controls. Notably, it fulfills approximately 70 percent of the domestic demand for bulk drug intermediates and pharmaceutical formulations, including tablets and capsules.