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Growth Of Pharmaceutical Industry In India!

Author: Pharmacon Lifesciences
by Pharmacon Lifesciences
Posted: Oct 06, 2016

Pharma companies in India are rising at a very fast rate that has made the Indian pharma industry as the 2nd largest growing industry in the country. Also the pharma industry in India is the 3rd largest industry in the world, and was of US $ 20 billion by 2015. Mergers and attainments are the part of Pharma’s growth in India. The compounded annual growth rate of pharmaceutical in India is 12% to 15% and the worldwide figures are 4% to 7% for the period of 2009-2014. With such a reflective growth of pharma companies in India many pharma jobs has been seen. This in turn is assisting biotechnology business and banging the biotechnology jobs in the Country.

Angel Broking has accomplished a research on the growth of pharma industry and according to his report that by the year of 2015 the pharma industry in India will be in the top ten markets. Yet FICCI-Ernst & Young study has found that the population is high-income group in India is increasing which will give grow to more arrival of MNCs and costly drugs.

Pharma companies along with resident companies are also competing with the top international companies. Such a reflective growth is due to the heavy population figures and with the rising number of middle class and their income the access to medicines and drugs is also growing. But still the low-priced standards are famous in Indian pharma industry.

From India in year of 2007 and 2008 the total of US $ 8.25 billion were exported and there 29% increase in this figure has been seen in 2009. In Addition to this, Mr. Anand Sharma, Union Minister of Commerce said that pharmaceutical field in India has been rising and the major contributor of this is to exports from India. In year1990 the amount was scanty as compare to today's gigantic figures.

Initiatives by Government

  • Tax breaks are provided to pharmaceutical industry.
  • New processes have been launched for the development drugs.
  • Proper clinical procedures have been adopted.
  • New Millennium Indian Technology Leadership launched and the Drugs and Pharmaceuticals Research Programmed - Both schemes launched by the Indian government.
  • Some important Information on Pharma Companies in India.
  • In terms of quantity - India's pharma industry is the 3rd largest in the world.
  • In terms of value - India's pharma industry ranks is 14th.
Most of the leading pharmaceutical companies in India are launching their programs across the country. They have opened their native branches in India, where they are manufacturing and distributing their medicines and drugs through various ways. The leading Pharma Company in Mohali is manufacturing as well as distributing their products to clinics, hospitals, chemist and medical stores direct from the company’s outlet. Most Pharma Companies in Mohali is selling their products at low cost as they provided them on the wholesale price to different medical and clinical stores.
About the Author

Looking for a Pharma Company, Wholesale Medicine & Drug Distributors in Chandigarh? We are one of the top pharma companies in Chandigarh, Panchkula & Mohali.

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Author: Pharmacon Lifesciences

Pharmacon Lifesciences

Member since: Sep 07, 2016
Published articles: 6

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