This report covers the huge biotechnology sector in india. India, in recent times, has emerged as one of the most potential biotech destinations of the world. In fact, biotechnology is the new IT of India! There is a clear consensus among the industry people (including academicians and educationists) that now is the turn of biotechnology to revolutionize the agriculture, industrial and service production. So from industry players to academicians, all are now concentrating their expertise and resources to biotechnology to be the first one to come up with a breakthrough. This enthusiasm and drive took the Indian biotech market to Rs. 12137 crore in 2008-09.
Currently at a nascent stage, the Indian biotech market is poised to enter the growth phase, thanks to the continuum of biotech research and increasing interest of global biotech majors in emerging markets due to fast maturation of the US, Europe and Japan.
The Indian biotech market recorded a CAGR growth of nearly 26.5% from 2004-05 to 2008-09. Though this growth rate seems impressive if viewed in terms of rupees, in terms of dollar value, the Indian market remained at where it was in the last fiscal - at US$2.5 billion.
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Report Title: India Biotechnology Market
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