Growth of Indian Pharmaceutical Industry in 2018-2019
Growth of Indian Pharmaceutical Industry in 2018-2019- Due to the significant competitive intensity and price pressure in the US and regulatory hurdles in India in terms of demonetization, GST implementation, and lower prices, Indian pharmaceutical companies have been going through a tough phase for the past few years. We believe the pricing environment in the US has stabilized, as average price erosion from double digits has now fallen to a single digit, and Indian Pharma Franchise company /companies business should grow in double digits.