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TMI BlogIndia a Key Player in Generic Medicines – Suresh PrabhuX X X X Extracts X X X X X X X X Extracts X X X X ..... India a Key Player in Generic Medicines – Suresh Prabhu X X X X Extracts X X X X X X X X Extracts X X X X ..... tical Producers of India (OPPI), in New Delhi today, he said by 2020 India is likely to be among the top three pharmaceutical markets by incremental growth and 6th largest market globally in absolute size. The Minister further said that increase in the size of middle class households coupled with the improvement in medical infrastructure in the country will influence the growth of the pharmaceutic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... als sector. Suresh Prabhu said that India is the best destination for research in genomics and their application. He called for a balance between the growth of pharma sector and protection of consumer interests. Suresh Prabhu said that there are great opportunities in African and Latin American countries for Indian pharmaceutical industry and India has the potential to become a place for holistic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... solutions in the healthcare sector. He said that the pharma industry will play a key role in driving India to become a $ 5 trillion economy. The Indian pharmaceuticals market witnessed growth at a compound annual growth rate (CAGR) of 5.64 per cent, during 2011 to 2016, with the market increasing from US$ 20.95 billion in 2011 to US$ 27.57 billion in 2016. The industry's revenues are estimated t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o have grown by 7.4 per cent in 2017. X X X X Extracts X X X X X X X X Extracts X X X X
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