PUBLICATION

Global Business Reports

AUTHORS

Catherine Howe, Neha Premjee

India Pharmaceuticals 2017

November 28, 2017

India’s pharmaceutical industry, ranked third worldwide in terms of volume, is the largest supplier of generic drugs globally and a proponent of high-quality affordable medicines. The industry has posted double-digit growth over the last few years, rising to US$36.7 billion and projected to grow to US$40 billion by 2020. However, as price erosion continues to impact the market and competition increases, many of India’s pharmaceutical companies will be hard-pressed to continue pushing products into the market at ever-more affordable prices. A number of policies under discussion, outlined in the Draft Pharmaceutical Policy 2017, seek to address the challenges faced by Indian pharmaceutical companies. Implementation and open dialogue between government and industry will be key in ensuring its success.

RELATED INTERVIEWS MORE INTERVIEWS

BMGI India offers expertise is improving efficiencies in strategy, innovation, problem solving and business transformation.
Cogent Glass, recently acquired by SGD Pharma, is a manufacturer of Type I moulded and tubular glass vials for the pharmaceutical industry.
Signet is India’s largest excipient company with extensive activities extending to Bangladesh and the Middle East.
Telangana State contains one of India’s most important life science clusters and its Government explains to GBR its plans to maintain the State’s rapid industrial growth.

RECENT PUBLICATIONS

Québec and Atlantic Canada Mining 2025

Québec and Atlantic Canada have traversed 2025 in an enviable position. Strong gold prices have buoyed balance sheets and investor sentiment, while global demand for critical minerals keeps the region firmly on the radar of international markets. At the same time, the provinces’ depth of mining expertise – from AI-driven exploration to advanced drilling, blasting, and geophysics – ensures that technological advantage is firmly on their side.

MORE PREVIOUSLY PUBLISHED

MACIG

"We are seeing the development of new projects and much more greenfield exploration in Africa, which is also accelerating its adoption of advanced technologies, with customers increasingly seeking digital solutions."

SUBSCRIBE TO OUR NEWSLETTER