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Consider the following statements regarding the challenges and status of India's pharmaceutical industry:
1. The Indian pharmaceutical industry has faced allegations of violating Intellectual Property Rights (IPR) laws.
2. India is the largest provider of generic medicines globally, holding a 20% share in global supply by volume.
3. Over 50% of the Active Pharmaceutical Ingredients (APIs) used in India are imported from other countries.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the challenges and status ...
Statement 1: Correct. The Indian pharmaceutical industry has indeed faced allegations of violating Intellectual Property Rights (IPR) laws, leading to legal disputes with multinational pharmaceutical companies.
Statement 2: Correct. India is the largest provider of generic medicines globally, holding a 20% share in global supply by volume.
Statement 3: Incorrect. While the Indian pharmaceutical sector does heavily rely on imports for Active Pharmaceutical Ingredients (APIs), the specific figure of over 50% is not mentioned in the provided text. Therefore, it cannot be confirmed as accurate based on the given information.
Thus, the correct answer is Option B: 1 and 2 Only.
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Consider the following statements regarding the challenges and status of India's pharmaceutical industry:1. The Indian pharmaceutical industry has faced allegations of violating Intellectual Property Rights (IPR) laws.2. India is the largest provider of generic medicines globally, holding a 20% share in global supply by volume.3. Over 50% of the Active Pharmaceutical Ingredients (APIs) used in India are imported from other countries.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding the challenges and status of India's pharmaceutical industry:1. The Indian pharmaceutical industry has faced allegations of violating Intellectual Property Rights (IPR) laws.2. India is the largest provider of generic medicines globally, holding a 20% share in global supply by volume.3. Over 50% of the Active Pharmaceutical Ingredients (APIs) used in India are imported from other countries.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the challenges and status of India's pharmaceutical industry:1. The Indian pharmaceutical industry has faced allegations of violating Intellectual Property Rights (IPR) laws.2. India is the largest provider of generic medicines globally, holding a 20% share in global supply by volume.3. Over 50% of the Active Pharmaceutical Ingredients (APIs) used in India are imported from other countries.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the challenges and status of India's pharmaceutical industry:1. The Indian pharmaceutical industry has faced allegations of violating Intellectual Property Rights (IPR) laws.2. India is the largest provider of generic medicines globally, holding a 20% share in global supply by volume.3. Over 50% of the Active Pharmaceutical Ingredients (APIs) used in India are imported from other countries.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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