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India Pharma market stays muted in November: Nomura
The Business Guardian
|December 11, 2025
The growth of the Indian pharmaceuticals market (IPM) continues to remain muted in November, staying in single-digit territory for the past 32 months, Nomura said in its latest report.
The report highlighted that the India pharmaceuticals market (IPM) grew 9.1 per cent year-over-year (yo-y) (in terms of sales) in November 2025, reflecting a modest slowdown from the previous month, but still indicating some recovery in the recent past. It stated "The India pharmaceuticals market (IPM) grew 9.1 per cent y-y (in terms of sales) in Nov 2025....... IPM growth has remained in single-digits for the past 32 months".
This story is from the December 11, 2025 edition of The Business Guardian.
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