India s Impact On India - helpful
US is the largest market of Indian medicines and the change in presidency is expected to have long-ranging impacts on these firms. One of the ways in which Biden could affect Indian pharma companies is through his campaign promise to strengthen the Affordable Care Act, also known as Obamacare. The Act, introduced by former US president Barack Obama, aims at reducing healthcare costs and increasing access to healthcare insurance. Generic drugs are equally effective substitutes of branded medicines, and are manufactured as cheaper alternatives once the latter have had an exclusive hold on the market for a certain period. Lupin is the third-largest pharmaceutical firm in the US in terms of prescriptions and its American wing is headquartered in Baltimore, Maryland. In the US, Indian imports accounted for 24 per cent of medicines in and every third tablet sold there is from India. India s Impact On India
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