The rise of the Indian Drug Industry

How might (a) U.S. pharmaceutical companies and (b) U.S. consumers benefit from the rise of the Indian pharmaceutical industry?
Who might have lost out as a result of the recent rise of the Indian pharmaceutical industry?
Do the benefits from trade with the Indian pharmaceutical sector outweigh the losses?
What international trade theory (or theories) best explain the rise of India as a major exporter of pharmaceuticals?

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