Podcast
Questions and Answers
What is the projected market size for the Indian herbal industry by 2012, according to Assocham?
What is the projected market size for the Indian herbal industry by 2012, according to Assocham?
- US $ 12,000 million
- US $ 14,500 million (correct)
- US $ 9,000 million
- US $ 7,000 million
Which of the following is a key driver of the growth in the Indian herbal industry?
Which of the following is a key driver of the growth in the Indian herbal industry?
- Declining interest in traditional medicine
- Government support for the production of high-quality herbal products (correct)
- Increased demand for synthetic drugs
- Lack of regulation in the herbal industry
What is the estimated annual turnover of the Unani medicine sector in India?
What is the estimated annual turnover of the Unani medicine sector in India?
- US $ 7000 million
- US $ 3600 million
- US $ 27.5 million (correct)
- US $ 300 million
What is the compound annual growth rate (CAGR) projected for India's herbal exports by Assocham?
What is the compound annual growth rate (CAGR) projected for India's herbal exports by Assocham?
What is the estimated value of herbal raw materials and medicines exported from India?
What is the estimated value of herbal raw materials and medicines exported from India?
Flashcards
Herbal Market Growth
Herbal Market Growth
The herbal market in India is expected to reach 14,500 crore by 2012 with a CAGR of 20%.
Current Market Size
Current Market Size
The current size of the Indian herbal market is estimated at 7000 crore, with substantial export of herbal raw materials.
Ayurveda Annual Turnover
Ayurveda Annual Turnover
The annual turnover for Ayurveda in India is approximately US $300 million.
Unani Annual Turnover
Unani Annual Turnover
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Government Role in Herbal Industry
Government Role in Herbal Industry
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Study Notes
Herbal Market Overview
- The herbal market is experiencing rapid growth, projected to reach 14,500 crore by 2012.
- The market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 20% to 9000 crore.
- This growth is supported by the Associated Chambers of Commerce & Industry of India (Assocham).
Herbal Industry Size
- The current size of the Indian herbal market is estimated at 7,000 crore.
- Exports of herbal raw materials and medicines exceed 3,600 crore.
Growth Drivers
- Government initiatives to improve quality standards and promote exports are contributing to the market growth.
- The economic development is also a factor.
- The market plays an important role in the development of new research and development projects related to herbal medicine.
Specific Sectors
- Ayurveda's annual turnover in India is estimated at US$ 300 million.
- Unani's annual turnover is estimated at US$ 27.5 million.
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