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According to IBEF 2021, the Indian pharmaceutical industry ranks _____ in the world on the basis of volume.
9th
5th
11th
3rd
- The Indian pharmaceutical industry is one of the largest in the world by volume.
- Correct Answer: Option 4 - 3rd
- India ranks 3rd globally in terms of pharmaceutical production volume.
- Option 1: 9th - This ranking is not correct for India's pharmaceutical volume.
- Option 2: 5th - This does not reflect the actual rank.
- Option 3: 11th - India has a higher ranking than this in terms of volume.
- The pharmaceutical industry in India produces generic medicines extensively, contributing significantly to global supply.
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