Because India is the second best in global pharma.
In recent years, we have been selling all kinds of kebabs on WeChat, and now it seems that there are still a lot of Indian pharmaceuticals being sold. There is also a Chinese movie dedicated to buying medicines from India, which is now known as the pharmacy of the world, mainly referring to its second place in the global generic drug industry. According to statistics, India is the world's largest producer of generic drugs, producing 20 percent of global generics and 40 percent of the U.S. generic market. Its products are exported to more than 200 countries and regions and $19.2 billion. The difficulties faced by India after independence, where penicillin had to be imported, all these stories started with India's independence.
India had been a British colony for a long time before the Second World War, and the patent regulations used a text drafted by Britain in 1911, a law that provided a strong guarantee that foreign companies would monopolize the Indian market and reap high profits. India gained its independence in 1947, but the difficulties it faced after independence were of a hellish pattern. Two-thirds of its 400 million people were hungry, and millions died of starvation every year.In 1951, India's per capita income was only $53 a year, the equivalent of only 14.5 cents a day, and tens of millions were unemployed.
India's economy was in the red, and the country's economy was in the red.
India's population was so large that the Indian people were really too poor. Under the 1911 Patent Act, which was previously enacted by Britain, India imported even the most essential drug, penicillin, at the highest price. This was because the 1911 version of the Indian Patents Act provided strong and asymmetrical protection to foreign companies while severely inhibiting the growth of the domestic pharmaceutical industry. Indians simply could not afford the high prices of medicines and many were unable to meet their basic medical needs. According to survey statistics, the average life expectancy in India was only 31 years in 1950, less than half the average life expectancy in the United States during the same period. With India's elimination of drug patents, it's springtime for generics . Indian generic drug companies exploded, rapid development and go international, in the government's encouragement, Indian generic drug companies such as spring, foreign companies left the market space is also quickly filled.