Indian pharmaceutical companies lag global competitors in R&D output, per a report by FAST India and IIFL Securities.

A report by FAST India and IIFL Securities reveals that Indian pharmaceutical companies are falling behind global competitors in research and development (R&D) metrics. Global firms produce 5.6 times more patents and 8.4 times more publications per billion USD in revenue. Despite these gaps, India's pharma sector, contributing 1.72% to GDP and accounting for 20% of the global generic market, remains a significant player, with exports reaching USD 23.5 billion in 2022.

October 20, 2024
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