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Pharma industry to grow at 20% this fiscal


According to Pharmaexcil, Indian pharma industry is expected to grow at 20% this financial year. It will achieve a export target of US$9 billion. Indian pharma produces around US$ 11 billion worth of drugs for domestic consumption. Totally it produces US$ 18 billion worth of drugs which is 8% of global production and 2% in terms of value. 30% of total exports is contributed by top ten Indian companies.


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