The India API market was valued at $3,983.3 Million in 2025, and is projected to reach $6,486.1 Million by 2032 growing at a CAGR of 7.25% from 2026 to 2032. Captive API manufacturers segment is expected to be the highest contributor to this market, with $2,360.2 Million in 2025, and is anticipated to reach $3,658.8 Million by 2032, registering a CAGR of 6.50%. Merchant API manufacturers segment is anticipated to reach $2,827.3 Million by 2032 with the highest CAGR of 8.28%.
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