Feb 27 2007
India’s Economic Survey 2006-07 has predicted a doubling of turnover to Rs 1,00,000 crore (US $ 22 billion approx.) for the pharmaceutical industry by 2010. It states that the National Pharmaceutical Policy will be implemented soon.
India has become a leading global player in pharmaceuticals, with exports of Rs 21,000 crore (US$ 4.67 billion approx.) for 2005-06.
It goes on to state that a major share of exports went to developed countries, which is testimony to the price competitiveness and quality of domestic pharmaceuticals.
India is positioned 4th in terms of volume and 13th in value in the World.
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