Indian pharmaceutical industry companies

An affordable drug, Favipiravir is the only oral antiviral approved in India for coronavirus treatment.

Studies have shown that about 25 per cent of drugs made in India are either counterfeit or substandard. Even popular brands are victims of this. This important step by the Health Ministry promises to ensure the authenticity of medicines.

The Indian pharmaceutical industry is currently third in the world in terms of volume and thirteenth in terms of value. It is also one of the largest producers of generic medicines in the world.