India’s pharmaceutical industry stands at a crucial juncture where enhancing research and development (R&D), fostering innovation, and maintaining high-quality manufacturing are pivotal for sustained growth and global competitiveness. Discuss
Kartavya Desk Staff
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
3. India’s pharmaceutical industry stands at a crucial juncture where enhancing research and development (R&D), fostering innovation, and maintaining high-quality manufacturing are pivotal for sustained growth and global competitiveness. Discuss (250 words)
Difficulty level: Moderate
Reference: Live Mint
Why the question: The article discusses the Indian pharmaceutical sector’s need to transition from volume-based growth to value-based leadership. Key Demand of the question: To write about the strengths and weaknesses in the pharmaceutical industry and to suggest adequate measures to address the issues. Directive word: Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments. Structure of the answer: Introduction: Begin by highlighting the extent of pharmaceutical industry in India. Body: First, mention the potential of pharma industry – India is the largest provider of generic drugs globally. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value. Next, write about the limitations and ways to overcome. Conclusion: Conclude by writing a way forward.
Why the question:
The article discusses the Indian pharmaceutical sector’s need to transition from volume-based growth to value-based leadership.
Key Demand of the question:
To write about the strengths and weaknesses in the pharmaceutical industry and to suggest adequate measures to address the issues.
Directive word:
Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Begin by highlighting the extent of pharmaceutical industry in India.
First, mention the potential of pharma industry – India is the largest provider of generic drugs globally. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value.
Next, write about the limitations and ways to overcome.
Conclusion:
Conclude by writing a way forward.