![]() The internet users in the country rose by around 47million to reach 624 million in January 2021, and this increase in internet and mobile phone penetration would be a growth driver for the e-pharmacy industry. Some of the key factors such as growing internet penetration and digital payments infrastructure, rise in industry investments and medicine spending, as well as government initiatives will fuel growth of this sector. ![]() The KPMG-FICCI study titled 'Impact of the pharma industry on the Indian economy in the post Covid era' anticipates that e-pharmacies hold tremendous growth potential and will continue to grow at an impressive rate in India. The government should establish a special legal framework for e-pharmacies to protect the interests of the consumers and to serve as a backbone in facilitating growth in this sectorīacked by the growing internet penetration, digital payments and government support, the e-pharmacy market in India is expected to witness a robust growth at a compound annual growth rate (CAGR) of around 40-45 per cent in future, according to a recent report by KPMG-FICCI. ![]() At present, the legal regime governing the offline sale of pharmacies is also applicable to e-pharmacy.
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