Pharmaceuticals Industry in India The Indian economy is projected to...Read More
Pharmaceuticals Industry in India
The Indian economy is projected to overtake both Japan and Germany in 2027 (FY28 for India) to become the 3rd largest economy, growing at a CAGR of 8.8% to reach USD 5.2 trillion by 2027.
In PPP terms, which focuses on the purchasing power of the domestic currency within the economy, India is already the third-largest economy, well above Japan and Germany.
Pharmaceutical is one of the top 10 sectors attracting the foreign Investments in India. It contributes ~1.72% to the country’s GDP.
India exports pharmaceutical formulations to more than 200 countries around the world, including the highly regulated markets of the USA, West Europe, Japan, and Australia.