Today the pharmaceutical industry can be characterized as high technology industry with very deep historical roots which were less scientific at least when considered with today's measures dating back to the ancient Egyptians,Charak and Schuscrat. Over the last three decades the Indian pharmaceutical industry has transformed into a world leader in the production of high quality generic and branded drugs . The Indian pharmaceutical industry is estimated to be around US$ 12 billion, growing at 9% annually. Indian pharmaceutical products are exported to more than 200 countries around the globe including highly regulated markets of USA (FDA), Europe, Japan, Africa and Australia. Significant growth was also witnessed in the therapeutically segments like cardiac, diabetes and central nervous system,Opthal,Antiretrovial drugs. The pharmaceutical industry is viewed as an intellectual industry and investment in research and development is enhanced. Ranking 4th in terms of volume and 13th in terms of value in global pharmaceutical markets, India's pharmaceutical industry is growing at a fast pace and attracting attention and investments from some major global pharma companies, including GlaxoSmithKline and Novartis. State policies also favors for increased transfer of technology in “Making in India concept”.
Indian Member 40.00
Others Member 3.00