For laying down standards for quality control of homoeopathic medicines, the Govt. of India constituted a Homoeopathic Pharmacopoeia Committee in 1962 and the Homoeopathic Pharmacopoeia Laboratory (HPL) was set up in the year 1975, to undertake work related to laying down standards of homoeopathic drugs, their verification, and for testing the purity and quality of homoeopathic products. HPL is recognized by the Department of Science & Technology, Govt. of India as a scientific, technological and research institution (http://hplism.nic.in/index.htm).
Standards as worked out by the laboratory, after vetting by the Homoeopathy Pharmacopoeia Committee, are published by the Department of AYUSH, Ministry of Health & Family Welfare, Govt. of India in the form of Homoeopathic Pharmacopoeia of India (HPI), of which so far nine volumes consisting of standards of 916 drugs have been published.
Homoeopathic drugs manufacturing, licensing and all other matters connected therewith are covered under the Drugs and Cosmetics Act, 1940 and Rules notified in the official Gazette. The system of regulation, monitoring and enforcement is clearly laid down for homoeopathic drugs and is enforced by Drug Control departments of the State Governments. In the year 2006, Govt. of India has notified the standards of Good Manufacturing Practices (GMP guidelines) (http://www.cdsco.nic.in).
There are more than 600 manufacturers of Homoeopathic drugs. Apart from these considerable amount of drugs are imported from Germany. According to an estimate, in 2010, the size of Homeopathic market in India was about INR 26 billion and the demand is growing at an annual rate of 25-30% (ASSOCHAM 2007).