1. The herbal drug industry in India has significant present scope and future prospects due to the increasing demand for herbal medicines that are safer, less toxic, and more affordable than synthetic drugs.
2. India has a large number of plant-based industries and research institutions involved in developing medicinal and aromatic plants, with over 2400 plant species used as raw drugs and 8000 plant varieties used in herbal medicines.
3. The herbal drug market in India is estimated at Rs. 7000 crore currently and is one of the fastest growing sectors due to the popularity of Ayurveda and other traditional Indian medicine systems.