21 PLS

Pharmaceutical

Local reach, globally connected
Get in touch with our team of experts.

Driving Transformation with Trusted Advisory

India’s pharmaceutical sector is a key driver of the country’s economy, renowned globally for its generic drugs, API production, and vaccine manufacturing capabilities. With increasing domestic demand, robust R&D initiatives, and supportive government policies such as the Production-Linked Incentive (PLI) scheme, the sector continues to expand rapidly. India also plays a critical role in global pharmaceutical supply chains, exporting medicines, APIs, and vaccines to over 200 countries.

At Baker Tilly ASA India, we provide comprehensive advisory services to pharmaceutical manufacturers, biotech firms, contract research organizations, and healthcare investors. Whether navigating regulatory compliance, structuring transactions, or optimizing operations, our team delivers solutions that drive growth, efficiency, and global competitiveness.

Our services include:

  • Compliance and financial advisory under pharma manufacturing and R&D regulations
  • Financial forecasting and modeling supporting growth and investment planning
  • Transfer pricing and tax structuring for international pharma networks
  • ESG, CSR, and grant audits ensuring transparency and control
  • Process optimization and cost management enhancing efficiency
  • CERT-In cyber audits protecting IP, data, and clinical systems
  • Risk management and internal control reviews ensuring regulatory readiness
  • M&A valuation and due diligence for partnerships and acquisitions
Industry overview

Industry Size

India’s retail market was valued at USD 993.1 billion in 2024, with projections to reach USD 3,434.1 billion by 2033, growing at a CAGR of 13.21%

Export Contribution

India's overall exports reached a record US$ 824.9 billion in FY 2024–25, driven by strong performances in sectors like textiles, apparel, and electronics.

Growth Potential

The retail sector is anticipated to grow at a CAGR of over 13% between 2025 and 2033, reaching US$ 3.4 trillion by 2033.

Connect with our expert to support your next move.
Meet our experts

Start a conversation with us

Your Name

Please enter your full name.

Please enter your email so we can get in touch.

Please enter your comments.

Privacy policy consent 
Baker Tilly ASA India
Firm Profile
Download Now