Pharmaceutical Industry

Evolution of Pharma Sector in India

  • The evolution of pharmaceutical sector in India may be set into following stages:
  • The first stage is the period before the year 1970 in which the Indian market was dominated by foreign companies with little domestic participation.
  • The second stage is the period between 1970 and 1990. During this period several domestic companies started operations. Indian Patent Act, 1970 was enacted during this period. The export initiatives were taken during this period.
  • 1990 – 2010 constituted the third stage. During this period the liberalization led Indian components to launch operations in foreign countries.
  • The ....
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Geography Of India