Presently the Indian pharmaceuticals market is the third largest in terms of volume. India is also the largest provider of generic drugs globally. The robust talent pool of scientist and engineers are propelling India to a growth of over 15 percent in the next 10 years.
Although at a research and development level India is showing an upward curve, when it comes to ground reality of the Pharma industry companies face tough business challenges and competitive pressure which they might not be able to cope with. There is also the case of very low penetration of health insurance system for all strata of society and coupled with that there is a There is a huge short fall in ‘Healthcare Manpower’ of the country.
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