The Voluminous Indian Pharmaceutical Industry

950 WordsFeb 18, 20184 Pages
The third largest industry in the world in terms of volume is the Pharmaceutical Industry. As per the report revealed by the Ministry of Chemicals and Fertilizers, the Department of Pharmaceuticals, in the year 2008-2009 the pharmaceutical industry’s contribution to the turnover of India was USD 21.04 billion. The market share of Pharmaceutical industry in the United States Market is around 14 billion USD. Indian Pharmaceutical Industry will grow at a rate of 14 – 17 percent in the year 2012 – 2016 as per the prediction of Brand India Equity Foundation. The best part in the result of all the analysis taken by various independent agencies, it has been found out that India is one among those top pharmaceutical emerging markets in the world and holds a position in the first five ranks. The export of Pharmaceutical products from India has also been good over the years and the prediction for the years to come is also better. As per the reports of PWC (Price Waterhouse Coopers) in 2010, India has joined the league with the sales of Pharmaceutical goods shooting up to USD 50 billion. The league is a prestige with the top 10 pharmaceutical markets globally and many nations strive to earn a position in the league. Types of materials used in pharmaceutical Industry The types of materials used in the manufacture of Pharmaceutical products starts with the procurement of materials like binders, excipients that will be added to the core formula. Intermediates will also be added to the

More about The Voluminous Indian Pharmaceutical Industry

Open Document