Indian drug sales to US plunge 40%

The Financial Times reports here that Drug Sales that:

"Indian exports of pharmaceutical products to the US fell almost 40 per cent in the five months between October last year and the end of February....The trend is likely to disappoint analysts. India's pharmaceuticals industry was touted as a sector that could weather the global financial crisis."

Interestingly, sales of Pharmaceuticals from companies in China, Israel and South Korea gained dramatically.