INDIAN PHARMACEUTICAL INDUSTRY: A DIAGNOSTIC OVERVIEW

Arjun Gupta; Rohit Bansal

Arjun Gupta Department of Management Studies, Vaish College of Engineering, Rohtak, Haryana, India
Rohit Bansal Department of Management Studies, Vaish College of Engineering, Rohtak, Haryana, India

Keywords: Healthcare, Pharmaceutical industry, Import, Export.

Abstract

It is often said that the pharmaceutical sector has no cyclical factor attached to it. Irrespective of whether the economy is in a downturn or in an upturn, the general belief is that demand for drugs is likely to grow steadily over the long-term. The Indian pharmaceutical industry is fragmented, but has grown rapidly due to friendly patent regime and low cost manufacturing structure. Intense competition, high volumes and low prices characterize the Indian domestic market. Exports have been rising at around 30% Compounded Annual Growth Rate (CAGR) over last few years. This study analysed the growth rate of export and import in pharmaceutical sector, further it sees how much pharmaceutical sector contribute to the export-import of India.