New Delhi’s Grand Pharmaceutical Strategyĭrug manufacturing had been a key industry for India long before the pandemic. Yet visions for the industry’s growth diverge, and there is certainly dissonance between the incentives desired by the private sector and those granted by the Indian government. The latent potential of India’s pharmaceutical industry is widely recognized. At the same time, the strategy is expected to realize significant growth in the country, with the aim of increasing market value 30 percent by 2025 and doubling market value by 2030.4 Diverging Paths Those objectives in turn would allow India to become the pharmacy to the world, and produce cheap, high-quality drugs at every junction of the global value chain. The primary goal is to cut India’s dependence on Chinese-made Active Pharmaceutical Ingredients and decrease imports of finished Chinese pharmaceutical and medical device products. But it is in the pharmaceutical industry that India has made clear its aspirations for self-reliance. In fact, since the outbreak of COVID-19, New Delhi rolled out an economic package for ‘Atmanirbhar Bharat,’ or self-reliant India.įrom wariness about trade ties with China to fears about supply chain security, there has been no lack of issues for Prime Minister Narendra Modi’s administration. But that’s not to say that Delhi doesn’t have its own vision for growth. Careers, Fellowships, and Internships Open/Closeįrom not joining the Regional Comprehensive Economic Partnership (RCEP) trade agreement to saying no to the trade pillar of the Indo-Pacific Economic Framework (IPEF), India has deliberately said no to opportunities to be part of major regional economic initiatives.Wahba Institute for Strategic Competition.Science and Technology Innovation Program.Refugee and Forced Displacement Initiative.The Middle East and North Africa Workforce Development Initiative.Kissinger Institute on China and the United States.Nuclear Proliferation International History Project.North Korea International Documentation Project.Environmental Change and Security Program.Hyundai Motor-Korea Foundation Center for Korean History and Public Policy.
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