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Medicinal plants are an important subset of biodiversity which has lately emerged as a hot topic of discussions at various national and international floras. Medicinal plants have a unique significance in India and have remained a part of our cultural ethos from time immemorial. They meet the health needs of large sections of population, provide raw materials to various Indian systems of medicine and are an important source of livelihood to forest dwelling communities. India with its rich resource base and traditional knowledge regarding the use of medicinal plants has the potential to emerge as a world leader in this sector.