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India must regulate to safeguard its reputation as “the world’s pharmacy”

An Indian factory worker checking stocks
India is the world’s largest generic drugs producer and exporter. Photo: Frédéric Soltan/Getty Images

Hameed Shuja

4 min read
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Last year, India’s pharmaceutical industry had an annual turnover of around $65 billion. But there is potential for far greater revenue.

For decades, India has taken pride in its status as the world’s largest producer and exporter of generic drugs. It also has one of the world’s largest pharmaceutical industries in general.

Last year, the annual turnover of India’s pharmaceutical market was around $65 billion. According to some estimates, that figure

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