Indian Pharma Industry To Expand By 9% To Surpass $70 Billion By FY27: CareEdge

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CareEdge Research Report.The Indian pharmaceutical industry, encompassing both domestic and export, demonstrated a robust compounded annual growth rate of approximately 8% from FY18 to FY24. This growth was driven by an 8% increase in exports and a 7% rise in the domestic market during the same period.In FY24, the Indian pharmaceutical industry expanded by nearly 9% YoY, reaching approximately $54 billion. Exports experienced a healthy growth rate of 10%, while the domestic market saw a consistent increase of 9% compared to FY23..Within the export sector, regulated markets (contributing ~60% of total exports) experienced an 11% YoY growth, whereas the semi-regulated and unregulated markets registered a 7% YoY growth in FY24. Notably, after a contraction of about 3% in FY23 due to geopolitical issues, the semi-regulated/unregulated markets have rebounded strongly. We expect this segment to continue its upward trajectory at a CAGR of about 8% for the period FY25-FY27. Meanwhile, exports to regulated markets are expected to grow at a rate of approximately 9% during the same forecast period..We forecast an overall industry growth rate of approximately 9% in the forthcoming years. This expectation is based on the anticipated parallel growth rates in both export and domestic markets, each expected to sustain a growth rate of around 9%..In summary, the Indian pharmaceutical industry is poised for continued expansion, driven by balanced growth across domestic and export markets, with significant contributions from both regulated and semi/unregulated markets..Click on the attachment to read the full report:.Tata Chemicals - Weak Soda Ash Outlook Dampens Cautious Optimism: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indian Pharma Industry To Expand By 9% To Surpass $70 Billion By FY27: CareEdge

Indian pharma exhibits healthy growth both domestically and in exports

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