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COVID-19 Vaccine diplomacy: The world has to hand it to India when it comes to the Pharmaceutical Sector!
By Sandeep Wasnik
The Indian Pharmaceutical sector stands as the world s 3rd largest in the terms of volume and 10th largest in the terms of value; also, India is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume. Nearly 22% of overall USFDA approved plants accounts in India. The Pharmaceutical sector currently contributes around 1.72% of the country s Gross Domestic Product (GDP). In the term of all kinds of vaccines, supplies 62% of global demand. Undoubtedly Made in India COVID-19 Vaccine diplomacy will increase the percentage share of vaccine supplies of global demand.