This report has two sections. In the first section, we have analysed the major factors that govern the Dynamics of the Pharmaceutical Industry in India. The analysis bases itself on industry-level data and the annual reports of 31 companies for the last five years. Of these 31 companies, 18 are Indian with the rest 13 being subsidiaries of multinational corporations. The 31 companies mentioned accounted for over 68% of the industry revenue in India during FY98. ...
