India willing to open market to high-quality, innovative pharma products: Goyal
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
He projected that India’s pharmaceutical market could grow to USD 120 billion within five years, up from about USD 60 billion currently
Key Facts
Type Legislation
Source BusinessLine - Economy
Published Monday, 8 June 2026
Affected Population 1.4 billion citizens, 5 million healthcare workers
Key Numbers
Health budget: Rs 90,958 crore (2025-26)
Target: 2.5% of GDP public health spending
1.5 lakh Health & Wellness Centres planned
Rs 15,000 crore for Digital India initiatives
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right