Indian Pharmaceutical Industry – A Factual Overview

1. Blog 1: Jasleen Pharmaceuticals Healthcare Pvt. Ltd. Indian Pharmaceutical Industry – A Factual Overview We all know that India enjoys a prominent position in the global pharmaceuticals segment. The country is known for its vast pool of scientists, engineers and thinkers who have the potential improve the position of India. According to a report, over 80% of the antiretroviral drugs used globally to combat AIDS are supplied by Indian pharmaceutical firms. You will be surprised to know that the pharma sector was valued at US$ 33 billion in 2017. Evolution and growth of the Indian pharmaceutical industry All this is possible due to the initiatives of both public and private sector units. Besides that, FDI, investment deals as well as USFDA approvals also play an important role in the growth of this sector. All these things show the overall efficiency, productivity and growth of the entire industry. Fact: The drugs and pharmaceuticals sector attracted cumulative FDI inflows worth US$ 15.98 billion between April 2000 and March 2019. Source - Department of Industrial Policy and Promotion (DIPP). Beyond that, the Indian government has taken many key steps (and created helpful policies and procedures) to significantly minimize costs and other healthcare expenses in order to improve public health. In pursuit of the same, they allow small and medium-scale pharma companies to come forward and contribute. These sorts of opportunities are ideal for forward-thinking firms. Eventually, the government initiatives will – •Improve healthcare infrastructure •Improve domestic market •Help to sustain robust growth •Remove financial and physical barriers •Foster alliances, and partnerships •Improve speed and agility in production •Improve operational flexibility •Maximize the growth opportunities •Enhance results-driven operations •Improve research in medical technology Fact: Indian pharmaceutical industry is likely to grow by 11-13 per cent in the current fiscal. - ICRA

2. Blog 1: Jasleen Pharmaceuticals Healthcare Pvt. Ltd. Pharma companies are also coming with their own innovative approaches, clean objectives, responsibilities, research & development initiatives, processes and procedures as well as plan of actions. Their aim is to focus on producing vital lifesaving drugs, pediatric medicines, gynecology medicines, antibiotics, preventive vaccines and much more. In other words, they are consistently improving their portfolio to make their way into the global market and other regulated markets. Fact: The exports of Indian pharmaceutical industry to the US will get a boost, as branded drugs worth US$ 55 billion will become off-patent during 2017-2019. - India Brand Equity Foundation Bottom line Today, more and more pharmaceutical companies in India are manufacturing and selling pharmaceutical formulations and other active pharmaceutical ingredients in the market. In a nutshell, the entire Indian pharmaceutical industry is moving faster with more conviction.