Outlook Positive For Indian Firms In 2020

Thanks To A Robust Domestic Market And Easing US Pressures

 
• By Penelope MacRae
  
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Indian companies should post “healthy” growth in 2020, helped by a robust domestic market and abating US pricing pressures, analysts say.

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Indian firms can look forward to healthy growth in 2020 • Source: Shutterstock

India’s pharmaceutical sector, which went through a prolonged rough patch, can look forward to another year of “healthy” growth, thanks to steady expansion of the domestic market, ICRA, the country’s leading credit-rating agency, has forecast. The Indian market is being driven by higher healthcare spending and greater patient access, ICRA said. Easing US pricing pressures, cost-optimization and largely comfortable balance sheets will also underpin the expected solid performance, the agency said.

ICRA said it expects domestic drug companies to post a compound annual growth rate of 10%-12% between the financial years...

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