Indian herbal mkt to cross Rs 14,500-cr mark

The Indian herbal market is expected to hit Rs 14,500 crore by the year 2012.

The Indian herbal market is rising sharply and is expected to hit Rs 14,500 crore with exports reaching Rs 9000 crore by the year 2012.

The herbal market has an annual compounded growth rate of 20 and 25 per cent respectively. India is followed by China as the largest producer of medicinal plants having a more than 40 per cent global diversity,Ayushkati Ayurved’s promoter Pankaj Naram said in a statement.

Worldwide,the ayurvedic industry is put at USD 3 billion and is slowly but surely gaining acceptance as an alternative system of medicine and health care,Naram said.

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The World Health Organisation (WHO) has projected that the global herbal market will grow to USD 5 trillion by 2050.

According to study on ‘Herbal Industry Biz Potential’,currently,the Indian herbal market is worth Rs 7000 crore (USD1.7 billion) and India exports herbal raw materials and medicines worth over Rs 3600 crore (USD 902 million).

OTC (over the counter) products constitute 20 percent of the $165-billion health care industry in the US,in India,it constitutes only 5 percent of the Rs 19,000 crore health care industry.

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World Health Organisation

Debris found in Dal Lake could be from missile Pak fired during Op Sindoor

India2 hr ago

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