Companies & Sectors
'Indian pharma market growing at over Rs.2 lakh crore'
India Skills Report says that 21.05% of candidates for management positions in 2016 will be hired in the pharma and healthcare sectors
 
India's pharmaceutical industry, with a market size of over Rs.2 lakh crore, ranks third in volume and 13th in value across the globe, it was announced on Sunday.
 
"The pharmaceutical industry ranks 3rd in volume and 13th in value across the globe and has a market size of Rs.2,52,000 crore as in 2016," the Jaipur-based IIHMR University, which is also a WHO collaborating centre for district and primary healthcare, said in a release here at the end of a national symposium it organised.
 
"The industry is likely to create over 1.30 lakh jobs in 2016 itself," university president S.D.Gupta said in the statement.
 
It cited the India Skills Report to say that 21.05 percent of candidates for management positions in 2016 will be hired in the pharma and healthcare sectors.
 
According to industry chamber CII, India has around 300 large and 8,000 small and medium scale pharma units at present with over 20,000 manufacturers in both the organised and unorganised segments.
 
"The India pharma industry has 77 percent formulation manufacturers and 23 percent bulk drug manufacturers with 169 FDA (US) approved plants and 153 EDQM (European directorate for Quality (EU) approved facilities at present," the statement said.
 
"There is a rise in the need for vaccines due to an increase in the sedentary lifestyle giving a rise to chronic lifestyle diseases, which will become dominant in the next 5-10 years," it added.
 
It further cited India Skills Report 2016 to say that across India, the percentage increase in hiring numbers for pharma and healthcare have been 25 percent and above.
 
"According to 'Makeinindia.com', the Indian market is the world's 6th largest pharma market and will be the 3rd largest market by 2020. The generics market is expected to grow to $26.1 billion by 2016 from $11.3 billion in 2011."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Sensex, Nifty still on an uptrend but bulls tiring - Weekly closing report
Nifty has to stay above 7,870 for the market to head higher
 
We had mentioned in last week’s closing report that Nifty, Sensex is on an uptrend and Nifty may head higher, if it stays above 7,700. For the entire week the index managed staying above this level and closed in the positive for the second consecutive week.  The trends of major indices in the course of the week’s trading are given in the table below:
 
 
On Monday the index opened in the positive and closed higher at 7,915 (up 0.82%). Expectations of healthy quarterly results, along with better-than-expected macro-economic data and forecast of above-average monsoon rains, buoyed the Indian equity markets. Software major Infosys came out with healthy fourth quarter numbers. India's annual wholesale inflation rose a tad to (-) 0.85%  for March from (-)0.91% in the month before, while remaining in the negative zone for the 17th straight month. The Indian equity markets were closed on Tuesday on account of Mahavir Jayanti.
 
On Wednesday, Nifty managed staying above the support of 7,827, but closed flat at 7,915. Profit booking, coupled with negative global indices and weak crude oil prices, kept the bulls in check. After six days of positive trading Nifty closed marginally lower on Thursday. Nifty closed at 7,912 (down 0.03%). Although the index managed making a higher high and a higher low on Thursday on the back of favourable Asian markets cues, it closed flat on account of lack of momentum in an overbought market. Asian markets moved up higher on account of a surge in global crude oil prices. Wipro on Wednesday projected higher revenue from its IT services business for the first quarter (April-June) of this fiscal (2016-17), while net profit dipped 2% in the fourth quarter (January-March) of last fiscal 2015-16 under global accounting norms.
 
Nifty continued to move lower in Friday at 7,899 (down 0.16%). As per recent media reports, the Reserve Bank of India (RBI) has pruned the list of companies whose loans need to be provided for against the risk of default. Lower than anticipated provisioning for non-performing asset could restrict the negative impact on banks' bottom line in Q4 March 2016. RBI has reportedly informed banks individually that they don't have to provide in the March quarter for outstanding loans to 20 firms out of the 150 it had listed in December. The European Central Bank (ECB) yesterday, 21 April 2016, left monetary policy unchanged as expected.

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Nomura's proprietary indices suggest improved growth momentum
Nomura expects GDP growth to recover to 7.8% in 2016 from 7.3% in 2015, due to higher public capex, upcoming pay commission awards and a normal monsoon and better agricultural growth
 
Nomura says its economic heat-map of high-frequency data indicates that economic activity rebounded in early 2016 from the weakness observed at end-2015. "Urban consumer demand, services and government capex remain the primary drivers of growth, but there are nascent signs of an improvement in external demand and infrastructure sectors. Industry and private investment remain weak," it says in a research note.
 
To gauge India's growth momentum and the near-term monetary policy path, Nomura has launched five proprietary indices, Nomura Composite Leading Index (CLI), India economic heat-map, Monthly Activity Indicator, Nomura Economic Growth Surprise Index for India and Nomura RBI Policy Signal Index.
 
According to Nomura, while co-incident indicators suggest better momentum, leading indicators still suggest non-agriculture GDP growth will consolidate over the next two quarters. Still, it says it expects GDP growth to recover to 7.8% in 2016 from 7.3% in 2015, due to higher public capex, upcoming pay commission awards and a normal monsoon and better agricultural growth.
 
 
It says, "There are two notable changes over the last two months. First, external demand (non-oil export volumes and visitor arrivals) appears to be improving at the margin, albeit from very low levels. Second, infrastructure sectors such as coal, cement and power are also experiencing an uptick, likely reflecting public infrastructure projects gaining traction".
 
"However," it said, "the overall level of industrial activity still remains tepid. Additionally, with government capex growing at over 50% in the three months ending February 2016, the sustained contraction in capital goods suggests still-weak private sector investment."
 
In addition, Nomura says its policy signal index is now in the neutral (no action) zone, consistent with its view that the RBI will stand pat for the rest of 2016. "Apart from the upside risk to inflation from the seventh pay commission, we do not see CPI inflation undershooting the RBI’s 5% target on a sustained basis, as most of the cyclical factors (oil price fall, rural wage growth deceleration and growth slowdown) that drove the disinflation are behind us, while structural factors (agricultural reforms, infrastructure creation and skill creation) will take time to materialise. Instead of rate cuts, we expect the focus to remain on improving policy transmission through adequate liquidity infusions," it concluded.

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