Boost in the Generics Drug Market in India

By admin • June 21st, 2010

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The generic drugs market in India has grown substantially and has now become one of the major generics manufacturers in the world as a result of large increases in investments.

Over the last few years the industry has seen an increase in the amount of investments it has been receiving which has allowed the industry to expand its manufacturing capabilities and research and development. In addition to investments, the industry has also been seen a large proportion of its production being exported to developed countries.

International developments in the USA’s healthcare market have also contributed to an increase in the amount of exports from India. The USA’s government has indicating they need to minimise their healthcare cost, which leaves the door open for further imports from India as manufacturing generic drugs in the USA is very costly.

However demand for Indian products from developed countries goes much further than Generic Drugs. The Indian exports market recorded a figure of US$16.1 billion in May 2010, a 35.1% increase from the same time last year. The industry is expected to grow further by 15% for the year 2010-2011. May 2010 was one of the stronger months in the last year which saw an increase in exports of gems and jewellery of US$2.46 billion.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

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