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Pharma retail growth slows to 5% in December

MUMBAI: The year 2012 which started with a bang for the domestic pharma retail market, registering a double-digit growth, ended with a whimper. In December, the market recorded one of the lowest growth rates of a little over 5%.

The sluggish growth follows lacklustre November sales, which grew a tad over 4%. Sales in November were low due to most retail shops remaining closed during Diwali festivities, industry experts say.