|
|
Article: The tiger globalizes: exploring India's path toward the global stage as a supplier of natural, nutraceutical, and pharmaceutical products, as well as technology and research.(FROM THE CORNERS OF THE WORLD)
- Article from:
- Nutraceuticals World
- Article date:
- October 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In the May issue of NUTRACEUTICALS WORLD, this column discussed the sizzling Indian economy and its promise as an emerging consumer market. No doubt, India's average growth rate of nearly 9% per year continues to impress the world. In addition, the economy's growth is stable with low inflation, passing over concerns that it might be overheating.
As the Indian population grows, prospers and ages, consumers will likely face more Western type illnesses, especially chronic and degenerative illnesses. India is expected to become one of the world's top 10 drug markets by 2015, according to the consultancy group McKinsey. Unfortunately, the World Health Organization ...