How might (a) U.S. pharmaceutical companies and (b) U.S. consumers benefit from the rise of the In- dian pharmaceutical industry? 2. Who might have lost out as a result of the recent rise of the Indian pharmaceutical industry? 3. Do the benefits from trade with the Indian pharma- ceutical sector outweigh the losses? 4. What international trade theory (or theories) best explains the rise of India as a major exporter of pharmaceuticals?