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Since
Independence the Indian Pharmaceutical Industry
has shown momentous growth, progressing from the
Multinational monopoly stages to the present R&D
revolution. With the foundation laid by the Government
of India in 1960, the Pharma Sector has indeed
come along way to achieve the current status of
being the extremely lucrative strategic option
for foreign counterparts. Universally the
total Pharmaceuticals turn over is 1,35000
crores of which India's market share is 16,000
crores, as of January 2004.
(Ref. Journal of Indian
Economist - 2004)
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