Pharma sector development With 70 % of market share in terms of revenues, generic drugs form the largest segment of the Indian pharmaceutical sector, and are estimated to have grown at a CAGR of 16.3 per cent. Investment (as % of sales) in research & development by Indian pharma companies has increased from 5.3 per cent in FY12 to 8.5 per cent in FY18 Indian pharmaceutical sector industry supplies over 50 percent of global demand for various vaccines &40 percent of generic demand in the US. Presently over 80 percent of the drugs used globally to combat AIDS are supplied by Indian pharmaceutical firms. This is the developement of pharma sector in last 2-3 years
