to the 54th Parliamentary Standing Committee on Chemical and Fertilizers
(2018-19), the growth of pharmaceutical sector has recorded a four-year low in
2017-18. The percentage increase in annual turnover has been only 3.03% as
compared to 29.01% in 2014-15.
the Department of Pharmaceuticals has advocated that though % increase has
declined, the annual turnover increased continuously. Experts from the pharma
sector have cited GST and demonetisation as reasons for poor market growth of