India's Strategic Role in Global Pharmaceuticals
India has solidified its position as a leading player in the global pharmaceutical market, known for affordable, high-quality drugs and vaccines. The country's robust manufacturing capabilities and significant foreign investments have bolstered its export growth. Recent trade agreements with the European Union, United Kingdom, and New Zealand further enhance India's market access. Government initiatives like the Production Linked Incentive schemes and Biopharma SHAKTI initiative support domestic production, innovation, and economic growth while maintaining global competitiveness.
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