What ails India's pharmaceutical sector?
Unlike mature markets such as the US, where drug prices are market-controlled, here, the government and regulators play a pivotal role in the entire process. Regulators fix both the price companies pay for bulk drugs and the price at which they sell their products in the market, leaving little leeway to earn profit. For Indian pharma, this is a double-edged sword.
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FMCG spending could also be impacted due to rise in telecom tariffs.
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Reliance Jio Q3 profit surges 62% to Rs 1,350 crore; Arpu falls to Rs 128.4
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Alarmed RBI seeks govt relief for telcos to avoid bad loans
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Budget likely to unveil ‘Fund of Funds’ for MSME sector
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