“The total healthcare cost of the world is 2.8 trillion USD and out of this India’s share is 30 Billion USD which consists of five per cent of the country’s GDP. But one estimate says that it should be 100 Billion USD by 2025 and its share should be 8-10 per cent of the GDP. Medical cost is a major component of the healthcare. Currently, India is producing around 1.26 lakh crore of medicines out of this India is exporting around 65,000 crore medicines to more than 200 countries globally. It is enough to prove that quality of Indian medicines is very good. You may know that 25 per cent of the total export of Indian medicines is to the US market. The US market norms are so stringent that it is really difficult to enter into the market. India has the largest number of US FDI complaint plants outside US and India is also filing maximum number of approval applications every year next to the US. This proves that India is producing quality medicines. That apart, India is manufacturing HIV medicines at minimal cost and supplying to the African countries where HIV is predominant.”
