ICRA: Indian Pharma Industry to Grow 11-13% in FY2020, an Industrial Info Market Brief

Helped by the growth in the domestic and export markets, India's pharmaceutical industry is likely to grow 11-13% in the current fiscal year, according to rating agency ICRA. This growth means that India will see large-scale capacity growth through the implementation of pharmaceutical capital projects as well as plant upgrades. Industrial Info is tracking 639 projects in India's pharmaceutical and biotech sector with a total investment value of $5.23 billion.