India is a major player in the global lifesciences industry. The Indian lifesciences market is large and growing rapidly, expected to reach $100 billion by 2015 and $280 billion by 2020. India has over 20,000 pharmaceutical and biotech companies and is among the top countries supplying medicines to UNICEF. The Indian pharmaceutical industry is the third largest by volume globally and is expected to rank 10th by value by 2015. Exports of drugs and pharmaceuticals from India grew 27% in 2011-2012, totaling over $10 billion. With its large, skilled workforce and growing domestic and international market demand, India's lifesciences industry is well positioned for continued expansion.