Because India is the second largest pharmaceutical industry in the world.
In recent years, we have been selling various kebabs on WeChat, and now it seems that there are still a lot of sales of Indian medicines. 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% ??of the world's generic drugs and accounting for 40% of the U.S. generic drug market. Its products are sold to more than 200 countries and regions, with a value of US$19.2 billion. The difficulties that India faced after independence, penicillin had to be imported, all these stories started from India’s independence.
Before World War II, India had been a British colony for a long time, and the Patent Ordinance used a text drafted by the British in 1911. This law provided foreign companies with the opportunity to monopolize the Indian market and obtain high A strong guarantee of profits. India gained independence in 1947, but the difficulties faced by India after independence were hell mode. Two-thirds of the 400 million people are hungry, and millions of people die from hunger every year. In 1951, India's per capita annual income was only $53, equivalent to only 14.5 cents a day, and tens of millions of people were unemployed.
India’s population is too large, and the Indian people are really too poor. Under the 1911 Patent Act previously enacted by the British, India even imported the most basic drug, penicillin, at the highest price. This is because the 1911 version of the Indian Patent Act provided strong and asymmetric protection to foreign companies while severely inhibiting the development of the domestic pharmaceutical industry. Indians simply cannot afford the high prices of medicines, leaving many unable to meet their basic medical needs. According to survey statistics, the average life expectancy in India in 1950 was only 31 years, less than half of the average life expectancy in the United States during the same period. India cancels drug patents and the spring of generic drugs is here. Indian generic drug companies have exploded, developed rapidly and gone global. With the encouragement of the government, Indian generic drug companies have sprung up, and the market space left by foreign companies has been quickly filled.