Pharma to grow by 13%: Boston Analytics study |
BS Reporter / Mumbai November 20, 2007 |
The Indian pharmaceutical industry is set to grow by 13.5% in the next three years and the booming Indian pharmaceutical outsourcing market is expected to see a compound annual growth rate (CAGR) of 37.5%, according to a new study released by US-based research firm Boston Analytics. The study also forecasts the domestic market to reach $10.3 billion by 2010. Factors crucial to the growth will be internal demand for drugs due the country |