Indian Pharma Industry to Witness Double-Digit Growth
Pharmaceutical has emerged as one of the leading industries in India. Growth in the Indian pharmaceutical industry can be attributed to several factors such as, growing middle class population, rapid urbanization, increase in lifestyle-related diseases, and acceptance of health insurance. India has witnessed rapid improvement in the medical infrastructure, with more and more private players taking a giant leap forward. Moreover, the industry is expected to witness consolidation in coming years, which will enable the pharmaceutical companies to diversify into extended pharmaceutical businesses through the entire value chain. According to our research report