Key Takeaways
- Pharma industry employs 5.5 lakh direct workers and 25 lakh indirect in 2023
- 60,000 new jobs created in pharma sector in FY23, mainly in manufacturing hubs like Gujarat
- Women constitute 35% of pharma workforce in India, highest in QA/QC roles at 45% in 2023
- India's pharmaceutical market was valued at USD 50 billion in FY23, making it the third-largest producer of active pharmaceutical ingredients (APIs) by volume globally
- The Indian pharma sector is projected to reach USD 130 billion by 2030, growing at a CAGR of 10-12% driven by generics and biosimilars
- Domestic formulation market in India grew by 8.8% in FY23 to INR 1,76,000 crore, led by chronic therapies like cardiac and anti-diabetic segments
- India exported pharmaceuticals worth USD 25.39 billion in FY23, achieving 8.5% YoY growth despite global headwinds
- USFDA approved 555 drug approvals for Indian companies in 2023, with 60% from Andhra Pradesh and Telangana hubs
- India supplies 40% of generic drugs to the US market, with exports valued at USD 8.7 billion in FY23 to USA alone
- Indian R&D spend in pharma reached 8-10% of sales in FY23 for top 20 companies, totaling USD 3.5 billion
- India filed 1,500+ patents in pharma sector in 2023, up 15% YoY, with 40% granted
- Biosimilar pipeline of Indian firms includes 100+ products in clinical trials as of 2023
- India ranks 3rd globally in USFDA ANDA filings with 1,200 in 2023
- CDSCO approved 1,800 new drug applications in FY23, with 95% for generics
- PLI scheme for pharma allocated INR 15,000 crore, attracting INR 5,000 crore investments by 2023
In 2023 India’s pharma sector employed 30.5 lakh people, projected growth to USD 130 billion by 2030.
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Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Isabelle Moreau. (2026, February 13). Indian Pharmaceutical Industry Statistics. Gitnux. https://gitnux.org/indian-pharmaceutical-industry-statistics
Isabelle Moreau. "Indian Pharmaceutical Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indian-pharmaceutical-industry-statistics.
Isabelle Moreau. 2026. "Indian Pharmaceutical Industry Statistics." Gitnux. https://gitnux.org/indian-pharmaceutical-industry-statistics.
Sources & references
74 datasets cited across this report · attribution is report-level

