Indian Transport & Logistics

ITLN Mar-Apr 2014

ITLN Mar-Apr 2014
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Mar_Apr2014_coverpage India’s pharmaceutical industry is one of the fastest growing sectors and a key component of the nation’s economy. The industry has an average YoY growth rate of around 13 to 14 percent. In 2006, the Indian pharma industry had reached $6.2 billion, registering a growth rate of 16 per cent over 2005. The industry’s growth had been recording a compounded annual rate (CAGR) of 11.42 percent from 2001 to 2006. With a high potential, the Indian pharmaceutical industry has reached the size of $25 billion in 2010, according to a report of McKinsey. Onward, the growth has been still more. The factors that were driving the growth rate included a world-class patent
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