India is the ______ Largest Producer of Medicine in the World and is Also a Large ______ of Medicine

By Mandeep Kumar|Updated : September 8th, 2022

According to the then Minister of State for Chemicals and Fertilizers, the Government of India, Srikant Kumar Jena, India is the third largest producer of medicine in the world. It is also a large exporter of medicine. The pharmaceutical industries in India stood third in terms of volume, fourteenth in terms of value, seventeenth in terms of export value, and fourth in terms of generic production.

Healthcare in India

Although India is the third largest producer of medicines in the world it is often said that it lacks proper healthcare facilities because the government does not have a sufficient budget and facilities for that. To set up healthcare facilities such as hospitals, laboratories, healthcare centres, blood banks, etc. requires a good amount of budget. To prevent the illness and for its treatment, these facilities are required in India.

India has a large number of hospitals, doctors, and clinics but they are not sufficient as the population of the country is very high. To cater large percentage of the population of India, there is a need for the establishment of more healthcare facilities.

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  • India is the third largest producer of medicines in the world. 

  • India stands in the seventeenth position in terms of export value whereas, in terms of generic medicine production, it is in the fourth position.

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