Formulations biz drives pharma exports up 16% in 2007-08

June 2008
Chemical Business;Jun2008, Vol. 22 Issue 6, p69
Trade Publication
The article reports on the 16% increase in pharmaceutical exports from India in the 2007-2008 period compared with 2006-2007. Doctor P. V. Appaji says the growth rate is satisfying despite two percentage points decline in growth rate. The decline in the growth rate is attributed to increased competition from China in global markets and the appreciation of the rupee against the U.S. dollar. It predicts that domestic active pharmaceutical ingredients production will rise in 2009.


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