It is really surprising to note that the Indian Pharmaceutical Industry s growth rate was the lowest in the year 2000.
Lets examine a few possible factors.
Due to the continuous efforts of the government the standard of hygiene has made a remarkable improvement. This could be the reason why the major segments of the pharmaceuticals Industry like antibiotics has not grown to that extent as it should have. Many antibiotic segments have shrunk. Leading therapeutic segments in antibiotic segment have shown surprisingly decline. No wonder, many companies which were vitamin-based like E Merck, Abbott have not been showing substantial growth.