June 17, 2026 8:56 PM

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India’s Pharmaceutical Sector registers significant growth over past 12 years, driven by reforms & self-reliance initiatives

India’s pharmaceutical sector has witnessed significant growth over the last 12 years, driven by reforms aimed at affordable healthcare and self-reliance.
 
The  Department of Pharmaceuticals under the  Ministry of Chemicals and Fertilisers said the Pradhan Mantri Bhartiya Janaushadhi Pariyojana has expanded from about 84 Jan Aushadhi Kendras in 2014 to over 19 thousand two hundred Kendras across the country in 2026. It added that the initiative has provided people with access to quality generic medicines at affordable prices and helped citizens save more than 40 thousand crore rupees on healthcare expenses.
 
The Department said the Production Linked Incentive Scheme for Pharmaceuticals has attracted  cumulative  investments of over 42 thousand 600 crore rupees. The scheme has generated sales worth more than 3 lakh 43 thousand crore rupees and created employment for over 1.13 lakh people. The Ministry added that these initiatives have strengthened domestic manufacturing, reduced import dependence and reinforced India’s position as the Pharmacy of the World while advancing the vision of Atmanirbhar Bharat.
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