Which of the following statement, related to Pharmaceutical sector is not correct ?

Correct Answer: A. India has 80 percent market share of global vaccine manufacturing.

Explanation: Pharma India is ranked 3rd worldwide in the production of pharma products by volume and 14th by value . The nation is the largest provider of generic medicines globally, occupying a 20 % share in global supply by volume, and is the leading vaccine manufacturer globally with a market share of 60 percent . Cumulative FDI in the pharma sector crossed the US$ 20 billion mark. Strengthening the Pharmaceutical Industry (SPI) was launched on 11th March 2022 with a total financial outlay of ₹500 crore for five years from FY22 to FY26 with multiple objectives.