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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. ...
The growth and globalisation of the Indian capital markets have led to a surge in demand for professional investment risk analysis. ICRA has actively responded to this need by developing products and services that include credit rating, equity grading and mandated studies spanning diverse industrial sectors. In response to the need for value-added information and analysis on Indian industries, we did a study on the cement industry in 1994 and provided updates in ...