2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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France
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US
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Spain
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Japan
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Detailed explanation-1: -India has already secured greater market access for the domestic pharma industry in a trade pact with the UAE.
Detailed explanation-2: -Currently, North America is the largest market for Indian pharmaceuticals.
Detailed explanation-3: -Hyderabad has a dominant position in Pharma Sector, it ranks first in manufacturing of bulk drugs and third in formulations in the country. It accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports and is considered as the ‘Bulk Drug Capital of India’.
Detailed explanation-4: -In March 2022, India exported US$ 2.4 billion worth of drugs and pharmaceuticals, a 23% increase from US$ 1.97 billion in February 2022. USA, UK, South Africa, Russia, and Nigeria are India’s top five export destinations.