Indian pharma exports to grow by 20% to over $11 billion this year
As a result of an increasing number of drugs turning off-patent and greater acceptance of generic drugs in regulated markets, pharmaceutical exports from India will reach 500 billion rupees ($11.06 billion) in the current fiscal, according to the Pharmaceutical Exports Promotion Council’s (Pharmexcil) executive director, PV Appaji.
He said that that Indian pharmaceutical exports in the last fiscal year amounted to 420 billion rupees, and he expect this to grow by 20% this year, as the sector is coming of the recession effect, reports the local newspaper the Financial Chronicle.
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