Indian Pharma mkt valued at Rs 55,000 cr in FY09

The total size of Indian pharmaceutical industry, excluding exports and government purchases, stood at Rs 55,454 crore in the last fiscal, the Lok Sabha was informed today.

"As per the information available with the department through ORG-IMS, April (2009)MAT, value of Indian pharmaceutical market is Rs 55,454 crore," Minister of State for Chemical and Fertiliser Srikant Jena said while replying to a written query.

The total value includes retail pharmaceutical market at Maximum Retail Price (MRP), generic and companies not tracked by ORG, hospitals and institutional sales excluding government procurement, direct doctor purchases, over the counter (OTC) products and diagnostics, Jena said.

"In addition to this, Indian pharma industry's export was worth Rs 38,433 crore in 2008-09," the minister added.

The total size of the domestic industry in 2006-07 fiscal was at Rs 43,904 crore and in 2007-08 it was Rs 50,410 crore.