Indian pharma market will be of $20 bn by 2015: McKinsey
16 09 2007
According to a recent survey by Mckinsey & Company Indian pharma industry has the highest growth rate
among all spending categories.  Present India pharmaceutical market was estimated at $6.3 billion in 2005. It is expected to touch $20 billion by 2015, with an compounded annual growth rate of 12.3 per cent, the study said. Between 2000 and 2005, the pharma market witnessed a growth rate of 9 per cent. As per sources “ In terms of scale, Indian pharmaceutical market, which is ranked 14th in the world, would be among top 10 by 2015 in the world overtaking Brazil, Mexico, South Korea and Turkey”. The incremental  growth of USD 14 billion over the next decade is likely to be the third largest among all markets.
Sources: www.economictimes.com
