Medicine Sales To Exceed US$65bn By 2019

India's pharmaceutical market is set for a period of rapid expansion. Combined sales of prescription drugs and over-the-counter (OTC) medicines will increase from INR771bn (US$17.12bn) in 2009 to INR889bn (US$21.29bn) in 2010. Due to the strengthening rupee, this equates to growth of 15.3% in local currency terms and 24.3% in US dollar terms. Foreign drugmakers are therefore set for a lucrative year.

To read the full article, please choose one of the following options: