The Indian Pharmaceuticals Industry turnover has increased from 2.26 lakh crore rupees in 2017-2018 to over 3.44 lakh crore rupees in 2021-22. This information was given by Minister of State for Chemicals and Fertilizers Bhagwanth Khuba in the Rajya Sabha on Tuesday. In a written reply, he said that the Indian Pharmaceutical Industry is third largest by volume and 13th largest by value in the world. Indian Pharmaceuticals produce more than 60,000 generic drugs across 60 therapeutic categories. Mr Khuba said in order to encourage domestic manufacturing of pharmaceutical drugs including generic medicines; the government has launched two Production Linked Incentive schemes.