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Dossier Pharma dossier

The Pharmaceutical Industry is ushering into an exciting phase in India. While the global pharma industry has grown at 6.3 % YoY in 2018, the industry has reached a staggering growth rate of 9.4% in India. From USD 1 billion turnover in 1990, the industry has grown by leaps and bounds over last 3 decades reaching a turnover of USD 31 billion, of which the export turnover is approximately 15 billion. While the Global pharma industry is expected to grow at a CAGR of 4-7% in the near future, the Indian pharma industry is expected to grow at a whopping 19% owing to rise in income levels, improving medical infrastructure and innovative business models by incumbents and new players alike. The country today ranks 3rd worldwide by volume of production and 14th by value, thereby accounting for around 10% of world’s production by volume and 1.5% by value. Globally, it ranks 4th in terms of generic production and 17th in terms of export value of bulk actives and dosage forms.

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