Indian Pharmaceutical Industry:
Pharmaceutical industry in India is one of the top most sectors to employ workforce even during the hard times, unlike other industries and stands untouched by recession. Indian pharma business is emerging as a global powerhouse with a rich pipeline of various products and despite the current economic slowdown, pharmaceutical R&D spending on a increasing mode.
Pharmaceutical sector in India is growing at a very fast pace and this has made the Indian pharmaceutical industry the 2nd largest growing among Indian industries and 3rd biggest globally.
A recent The Economic Survey figures that the Indian pharma market has grown from a humble Rs.1,500 Cr. in 1980 to approximately Rs.1,00,611 Cr. as on September 2009.
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