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India’s drug industry to touch $48 bn by 2018
short by Trivedi Bhutnath / on Friday, 12 September, 2014
With an average yearly growth of nearly 14%, India’s drugs and pharmaceuticals industry is likely to post total sales of $48 billion by 2018, says a report by Care Ratings, India’s second largest credit rating agency. The Indian drugs industry, which exports pharmaceutical products to more than 200 countries, is valued at Rs 1.6 trillion at present.
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