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Will Pharma grow in 2009

Created by : amit chaudhry, Senior Consultant, IML  | 03 26 2009 21:49:38 +0000
Industry : Management & Strategy ConsultingFunctional Area : Growth(Strategy & Execution)
Keywords : pharma
Activity:  102 views;  last activity : 07 06 2010 20:18:09 +0000

Indian Pharma sector has now got opened to other market but is still very conservative.

Will Pharma see more hike in sale in the year 2009?

  
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I believe pharma industry will grow in India in 2009 though the rate of growth will be decreased due to the global recession. it is to be noted that global pharma growth has been in decline for the last five years but there is little impact of it in our country's pharma business.

With global majors in the sector are facing a turbulent time , resorting more to resturctruing and mergers it is the time for the Indian pharma companies to be more innovative and adopt a more aggressive approach.

According to Industry analysts the sector will grow at around 10 to 12% this year.

The only caution is the IP management of the Indian companies.......
By Dipayan Sarkar, Student , Siva Sivani Institute of Management  | 03 28 2009 05:44:22 +0000
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It is expected to see a growth of 13% this year in the Indain Pharma industry. This is the highest increase from the past 10 years.
By amit chaudhry, Senior Consultant, IML  | 03 26 2009 21:49:38 +0000
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This sector might have seen high sale in the domestic market but to other markets it does not hold a good sign. The composition varies and that plays a major role in its purchase.
By Sudeep Tarafdar, Senior Consultant, IBM  | 03 26 2009 21:52:59 +0000
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