IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Analysis of the Indian Pharmaceutical Sector: Current Status, Challenges and Opportunities

Main Article Content

Ms. Prerna Singh, Dr. Shibu John

Abstract

An essential component of society is business enterprise. A corporate firm's motivation will immediately influence society, including the environment, customers, employees, suppliers, and other stakeholders. The Indian pharmaceutical market is in a good position because there are a lot of medications that have recently lost their patents. Pharmaceutical manufacturers are focusing on manufacturing, and this trend is anticipated to continue as pharmaceuticals' share of the Indian and global pharmaceutical markets rises. The pharmaceutical regulatory environment is becoming increasingly strict on a global scale. The inability of pharmaceutical companies in India to actively participate in international markets was hampered by several additional problems, including uncertainty over the market's maturity level, the importance of investing in this industry, and differences in regulatory rigour. This article aims to describe the pharmaceutical market environment in India and throughout the world. Additionally, it covers the important difficulties that are present. It also considers a few indicators that show the pharmaceutical sector in India has a promising future.

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