Is Homeopathy a system of alternative medicine or just an expensive placebo therapy?

I welcome your valuable comments on this topic or your own experience of using the system of Homeopathy for any ailments.

Please comments below. I may or may not be using your comments or part of your comments (ensured complete anonymity) in a book /paper that I am currently working on. I also given a couple of useful links in the comments section. (Krishna)
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Following a philosophy of ‘like treats like”, German physician and chemist Samuel Hahnemann developed homeopathy in 1796. He restored health by administering highly diluted amounts of substances such as arsenic, belladonna, sepia, nutmeg or chamomile, which, in larger quantities, cause symptoms like those suffered by the patient.

He believed that the water retained a memory of the vital essence of the substance used. Scientists have long questioned the very basis of homeopathy because it seems implausible for such diluted forms of a chemical to have any medical or pharmacological action. In most cases, the final homeopathic preparation does not contain a single molecule of the original herb or mineral.

Most of the developed countries like USA, UK, Australia, Canada, France etc. doesn't approve Homeopathy as a modern system of medicine. Most of the scientific studies suggested that Homeopathy has just a placebo effects. Over the past decade, modern science has dismissed homeopathy as nothing more what it appears to be: sugar pills that do nothing more than give you empty calories.

A major nail in the coffin was an analysis of 110 homoeopathy trials and 110 matched conventional-medicine trials published in The Lancet in 2005 that concluded “the clinical effects of homoeopathy are placebo effects”. It found homoeopathic treatments were not more effective than dummy pills, but allopathic medicine were.

India is among the world’s biggest market for homeopathy in the world, pegged at Rs 1,500 crore and projected to grow by 20% each year. India has 195 homeopathic medical colleges, 51 homeopathic universities and 27 state councils, which train and register thousands of practitioners each year. Why Indian people are relying on this 'system of placebo therapy ' which has no medicinal benefits but purely works on psychological effects.

According to India’s Ministry of Ayush, it is the second most popular system of medicine after allopathy in the country with roughly 10% of the population relying soley on homeopathy for treatment.

Nobel laureate Venkatraman Ramakrishnan put the spotlight on homeopathy when he dismissed it as bogus science, but it’s business as usual for the 2.65 lakh registered practitioners of homeopathy in India.

“No one in chemistry believes in homoeopathy. It works because of placebo effect,” said Ramakrishnan, the India-born President of the Royal Society, who won the Nobel for Chemistry in 2009, speaking at the Panjab University at Chandigarh.

And, now Russia declares Homeopathy a Junk Science and planning to ban this system of alternative medicine.

Russia's Commission against Pseudoscience has called for the Health Ministry to ban homeopathy; however, the psychological effect of the medicine will continue to ensure its popularity (https://sputniknews.com/…/201702121050597972-russia-homeop…/)