India is a world leader today in the global pharmaceutical sector. An overview of the Indian pharmaceutical industry is given below. Based on the outline, write an analytical paragraph on the topic

i India largest provider of generic drugs globally - supplies 50% of global demand for vaccines 80% of antiretroviral drugs used to combat AIDS

ii. Market size:

By 2025 Indian pharma sector expected to reach USD billion

iii. India's domestic turnover USD 20.03 billion in 2019, up 9.8% from 2018 Exports from India USD 20.70 billion in 2020

a. Recent initiatives and developments: Indian pharmaceutical exports boosted as branded drugs worth USD

55 billion became off-patent in 2017-2019 b. USD 1.3 billion fund to manufacture pharmaceutical ingredients

domestically by 2023

c. "Pharma Vision 2020' to make India ​