India Losing Drug Exports To U.S. As China, S. Korea Exports Grow
This article was originally published in PharmAsia News
Executive Summary
India's pharmaceutical industry may be losing its reputation as a sector immune to financial crises, a reputation that has been attracting foreign investors. A recent study showed drug exports from India to the United States fell by 37 percent between October and February. The decline contradicts expectations that the emphases by several governments on prescribing generics meant prosperity for the highly fragmented Indian industry. Research shows China and South Korea are growing in exports to the United States while India's is in decline. (Click here for more