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flag India's pharma sector is shifting to high-value products, boosting exports and innovation.

flag India’s pharmaceutical industry is shifting from volume to value, focusing on complex generics, biosimilars, and innovation, according to the 2025-26 Economic Survey. flag It supplies 20% of global generics, exports to 191 countries, and earned ₹4.72 lakh crore in FY25, with exports growing at 7% annually. flag Over half go to regulated markets like the US and Europe, where India holds a 3% share and ranks 11th by value. flag Medical device exports rose to $4.1 billion from $2.5 billion in FY21, with production of advanced equipment like MRI scanners and ventilators. flag India remains a top supplier of affordable vaccines. flag The sector is advancing through R&D, AI, 3D printing, and simplified global certifications to boost competitiveness.

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