text: Pharmaceutical market report of india
  Pharmaceutical market report India
  India: pharmahandbook®
  India is the world's third-largest pharmaceutical market by volume and the 13th by value, representing roughly 10% of all units sold and 1.5% of global revenues. As suggested by the difference between volume and value, Indian drug prices are among the lowest in the world. Drug prices are also growing at a much slower rate than general inflation; according to IMS, the price of prescription medicines increased by 1 to 2% annually between 2007 and 2011 while the general wholesale inflation rate averaged 9.4%.