India's domestic pharmaceutical industry's annual turnover reached around 50 billion U.S. dollars in 2023. In 2018, the India pharmaceutical market was valued at 18 billion U.S. dollars. The pharma industry in the country has been doing well despite a fluctuating economy. There was a 9.8 percent year-on-year growth rate recorded in the market in 2019 compared to 2018.
Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047
(in billion U.S. dollars)
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India Brand Equity Foundation. (September 6, 2024). Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation. "Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars)." Chart. September 6, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation. (2024). Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation. "Annual Turnover of Indian Pharmaceutical Market from 2015 to 2023, with Estimates until 2047 (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Sep 2024, https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation, Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/ (last visited December 22, 2024)
Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars) [Graph], India Brand Equity Foundation, September 6, 2024. [Online]. Available: https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
