Gujarat pharma market grows 22.4% in November

Gujarat led the growth chart list of Indian pharmaceutical industry in November 2014, according to the data from the market research firm AIOCD Pharmasofttech AWACS. As per the data, Gujarat market grew by 22.4 per cent last month, double the growth rate of the Indian pharmaceuticals market, which grew by 10.9 per cent.
 
Gujarat was followed by Chhattisgarh market with 19.6 per cent growth and Madhya Pradesh market at 19.3 per cent, showed AIOCD data. Surprising, no regions had negative growth in November 2014.
 
After the peak in September 2014 (18.8 per cent year-on-year growth), the Indian pharma market showed a dip due to external environment, however the market picked up in November with a growth at 10.9 per cent. The price increases of medicines during the month have been around 5 per cent, which has been the highest in the last 12 months, claimed AIOCD.
 
FOR COMPLETE REPORT READ: Gujarat pharma market grew highest at 22.4% in November: AIOCD