The document provides an overview of the pharmaceutical industry in India. It discusses that India has emerged as a major player in the global pharma industry, ranking 3rd in volume and 10th in value. The country exports generic drugs and has become an important destination for contract research and manufacturing. The industry is expected to grow significantly, with sales projected to reach $74 billion by 2020. Key strengths that will support this growth include a large talent pool with skills in areas like R&D, manufacturing according to international standards at low costs, and a favorable regulatory environment. However, increased competition and a stringent regulatory environment also pose threats.