2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12.57%
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10.57%
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14.57%
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7.57%
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Detailed explanation-1: -During 2021-22, the country exported pharma products worth US$ 24.62 billion, flat over the previous year. In 2020-21, the exports grew at 18% YoY to US$ 24.4 billion.
Detailed explanation-2: -The India Pharmaceutical Market is expected to register a CAGR of 10.7% over the forecast period. The Indian market witnessed a significant setback due to the outbreak of COVID-19. The growth of the Indian pharmaceutical industry was largely supported by government initiatives and programs.
Detailed explanation-3: -During April-October 2022, exports recorded a growth of 12.55 per cent to USD 263.35 billion.
Detailed explanation-4: -The Indian pharma industry has been growing at a compounded annual growth rate (CAGR) of more than 15% over the last five years and has significant growth opportunities.