May 22, 2025 2:35 PM
India’s pharma sector powers ahead with growth, innovation and govt support
India’s pharmaceutical sector is witnessing robust growth, driven by rising global demand, the introduction of innovative products, and strong policy support from the government. Having grown at over 10% annually for the past five years, the industry recorded a turnover of Rs 4,17,345 crore in 2023–24. According to India Ratings, a Fitch Group company, pharma sector revenue likely rose 7.8% year-on-year in April 2025. India now ranks third globally in pharmaceutical production by volume an...