Introduction to Indian Pharmaceutical Industry
The Indian pharmaceutical industry holding the top most position among all science based technology spread with wide ranging of technicalities in the complex field of drug manufacturing and drug innovations. The Indian pharmaceutical industry stands fourth in terms of volume and attained the fourteen in terms of value. Export of Indian pharmaceutical industry works as a fuel for the growth of the industry. The Indian pharmaceutical industry is exporting in almost all developed countries and facing the severe competition and government price control regulations.
In the last two decades, Indian pharmaceutical industry has expanded significantly. It has more than 250 …show more content…
Gastrointestinal category further divided into few categories that are Anticholinergics, Antidiarrheals Antiemetics, Antiulcer Medications. This category got the success to have the 11 per cent in the classification.
Antibiotics are used to treat an ample variety of bacterial infections. Antibiotics inhibit the growth of bacteria by interfering with the production of certain biochemical, which is compulsory for sustaining the bacteria’s life. This course of action supports the body in defending from bacterias and take very less time in eliminating the infection. This category has the largest share among the rest ones.
The analgesic category also called as ‘Pain Killer’ category. All members of this category are used to achieve analgesia- relief from the pain. The word is a Greek word which means without pain. Analgesic drugs act in various ways on the peripheral or central nervous systems. Analgesics include paracetamol, the non-steroid, anti-inflammatory drugs. Analgesic category attains the fourth position in the same classification. This category is one of the common …show more content…
With the modernizing of Indian Pharmaceutical Industry, it creates several benefits to the same. These are as follows.
As the Indian drug industry is developing, it creates new job opportunities. Indian drug industry is providing new drug formulations and efficient health care system to its patients. For the new discoveries companies are investing a huge amount in R&D, and patients are able to have the medicines & treatment of critical diseases.
The development of pharmaceutical industry would help the Indian economy and producing more national wealth. Indian companies have the opportunity to merge with foreign companies which indirectly promotes the foreign investment in India. Growth of Indian pharmaceutical industry generates the job opportunities in India, and if a citizen gets the domestic job opportunity they would not feel the pressure of migrating United States. Expansion of Indian pharmaceutical industry is promoting the vast growth of Indian economy.