The Indian pharma industry, which is expected to grow over 15 per cent annum between 2015 and 2020, will outperform the global pharma industry, which is set to grow at an annual rate of 5 per cent between 2015 to 2020
The Indian pharmaceutical industry increased at a CAGR of 17.46 per cent in 2015 from US$ 6 billion in 2015 and is expected to expand at a CAGR of 15.92 per cent to US$ 55 billion by 2020
By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and sixth largest market globally in absolute size.
India’s cost of production is significantly lower than that of the US and almost half of Europe. It gives a competitive edge to India over others.