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Pharmaceuticals
Indian Pharmaceutical Industry is the third largest in the world and one of the developed in the world. Its growing reputation can be summed-up from the fact it has emerged as the most attractive investment destination in the world providing for increased returns and lower risks, attracting several noted MNC Pharma companies who Today, Indian Pharma Industry has a strong global foothold accounting for 2.4% of the global Pharmaceutical industry in value terms and 10% in volume terms. FACTS: • Expected to rank as among the top 3 Pharmaceutical markets in the market in terms of increments growth, by 2020. • Expected to expand to US$ 55 billion by 2020. • Generic drugs account for 20% of global exports in terms of volume making India the largest provider of generic medicines. With its skilled workforce, low cost of production, high managerial and technical competence, India’s Pharma Industry has all the ingredients in place to grow further and produce immense employment opportunities. Currently, the industry is said to employ around 5.5 to 5.7 lakhs people which is slated to grow to 7.5 lakhs by 2020, which means that there will be plentiful employment opportunities with diverse career options in the coming years.
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