INDIA DOMESTIC PHARMA MARKET WILL BOOM WHILE EXPORTS ARE HELD BACK – FORECAST
January 1st, 2016
FOR India’s pharmaceuticals sales are expected to reach USD55 billion in 2020 from the current level of USD18 billion, although growth in exports of Indian-made medicines will be slower, predicts a research report released by Associated Chambers of Commerce and Industry of India (ASSOCHAM) and New York-based consultancy firm TechSci Research. “Increasing incidence of lifestyle-related diseases such as obesity, diabetes and heart-related ailments will drive the demand for quality and affordable treatment in India,” Karan Chechi, research director ...
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