Pharma Industry Aims High

India is on course to become one of the top-10 pharmaceutical markets by 2015, according to a recent report by McKinsey & Co. (Mumbai). India’s pharma market, currently the 14th biggest, should overtake Brazil, Mexico, South Korea, and Turkey over the next eight years, the report says. The value of India’s pharma market will increase from $6.3 billion in 2005, to about $20 billion in 2015, McKinsey says. “An increase in income levels alone will account for 40%-50% of the estimated growth in the Indian pharma industry,” says Palash...

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