India’s Pharmaceutical Sector Growth Accelerated in May

According to India Ratings & research agency, Low base effect is the main reason behind the acceleration of the sector in May. Acute therapies and various types of drugs vitamin tablets which were sold in huge numbers in the COVID times helped the pharma sector in attaining sustainable growth in desperate times. According to estimates of the research agency the market of the pharma sector in India will grow at 8-10% in FY 2021-22 and it is beneficial for the economy.