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Pharmaceutical Industry In India

Pharmaceutical Industry In India

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Title: Pharmaceutical Industry In India

Essay Details:

Subject: Miscellaneous

Author: Rory M

Date: October 6, 2014

Level: University

Grade: A

Length: 14 / 4133

Essay text:

Today the Indian pharmaceutical industry is the front-runner science-based industries in the country. Today the industry boasts of wide ranging capabilities in the complex field of drug manufacture and technology. The sector is pegged to be worth US$ 7.3 billion. The annual growth rate is estimated to be around 13%. Reports suggest that the domestic retail market would be worth around US$ 12 billion by 2012. Indian pharmaceutical industry ranks 4th in terms of volume globally and 13th in terms of value. It has 8% share in global sales & 20%-24% share in production of generic drugs. The domestic players satisfy almost all of the country’s demand for formulations and bulk drugs...

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