Indian pharmaceutical market update

10 January 2019

With around 1.3 billion residents, India is home to just a fraction fewer people than China, the world’s most populous nation.

India is also developing fast, consistently posting annual gross domestic product (GDP) growth rates in the mid-to-high single digits since the turn of the millenium, and outpacing all other nations in 2018 with growth of 7.3%.

The country’s GDP is now roughly equivalent to that of the UK in nominal terms. Adjusting for purchasing power differences it is the third largest, behind the USA and China.

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