India follows closely behind as a major API producer, accounting for nearly 25% of the global market. The country's pharmaceutical industry is characterized by a strong focus on generics, which has stimulated the growth of API production. Indian manufacturers are known for their competitive prices and a well-developed supply chain, which facilitates the sourcing of raw materials and distribution of final products. Moreover, India has established itself as a hub for research and development in the API sector, with numerous companies investing in innovative technologies to enhance production efficiency and regulatory compliance.