India's Drugmaking Ambitions Suffer a Big Setback

Photograph by Scott Eells/Bloomberg

Would you trust Made-in-India medicines? For years, the country’s pharmaceutical companies have been betting that consumers worldwide would be happy to buy low-cost drugs from India. Just as IT services companies such as Infosys and Tata Consultancy Services became outsourcing powers by providing inexpensive ways to do work offshore, pharma companies from India have tried to take advantage of the country’s big supply of low-cost, high-skilled workers to make medicines.

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