India’s growing influence also stems from the Indian Pharmacopoeia Commission becoming a permanent member of the Pharmacopoeial Discussion Group (PDG) in September 2023, alongside the US, European, and Japanese pharmacopoeias — an important milestone in harmonising global standards.
Countries that already recognise Indian Pharmacopoeia include Afghanistan, Ghana, Nepal, Mauritius, Suriname, Nicaragua, Bhutan, Mozambique, Solomon Islands, Sri Lanka, Nauru, Malawi and Guyana, along with the recently added Fiji, which signed a pact enabling Indian Pharmacopoeia-based approvals for Indian-made medicines, eliminating duplicate testing and easing market access.
India is the world’s largest supplier of generic medicines, accounting for 20 per cent of global volume and exporting to 200 countries, yet Indian Pharmacopoeia has historically struggled for recognition compared to USP, BP, and EP. The push to expand acceptance is expected to boost exports, cut regulatory costs and strengthen India’s position as the “pharmacy of the world.”