IMPACT OF GST ON PHARMA INDUSTRY

The Indian pharmaceutical industry has already faced so many setbacks in the previous years. So mainly people know about Impact of GST on the Pharma industry. It bounced really well to a nearly double-digit year growth in 2018 i.e. recorded 9.4%. The size of this pharma industry was recorded at 1.29 trillion Rupees last year. India continued to be the major exporter of generic drugs all over the globe. It is pushing its production in countries like Russia, the US as well as the UK. Accelerating its exposure to Japan, China, Canada, Brazil as well as Germany. India is considered as the largest purveyor of cost-effective generic medicines around the globe. Which helps in distributing a good range of drugs.

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Impact of GST on Pharma industry

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