India needs to diversify pharma raw material imports, up R&D spends: RBI paper

India needs to diversify pharma raw material imports, up R&D spends: RBI paper India is the third largest pharma manufacturer in the world by volume and fourteenth by value, and the sector contributes 2 per cent of Indian GDP and 8 per cent of the total merchandise exports. https://ift.tt/eA8V8J