Indian drug market to grow to $20 bil in 2015

According to the Economic Times, the Indian Pharmaceutical market will grow to $20 billion by the year 2015. This is up radically from $7.1 billion in 2007. Many factors account for the increase of the standards and rules put in place to protect the patients, including patent examiners, decentralization of the filing process and digitization of records. In addition, due to the growing middle class, many more citizens are expected to be able to afford high value medication.

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