भारत में फार्मास्यूटिकल उद्योग के विकास में प्रमुख कारकों का उल्लेख कीजिए। साथ ही, भारत की अर्थव्यवस्था और सार्वजनिक स्वास्थ्य के लिए इसके महत्व की विवेचना कीजिए। (उत्तर 150 शब्दों में दीजिए) / State the key factors behind the growth of the pharmaceutical industry in India. Additionally, discuss its significance with regard to India's economy and public health. (Answer in 150 words)
Introduction
India is deemed to be the pharmacy of the world especially after the COVID-19 pandemic.
15 words
Main Body
Key factors behind growth:
1. foot loose industry: can be established anywhere as only natural resource is water.
2. Increase in FDI: due to cheaper production costs on India.
3. Expanded market: that caters to population of 1.4 billion
4. Government support: such as subsidies and production linked incentive
The significance to economy:
1. Provides employment
2. Caters to export growth
3. Adds India to global value chains.
4. Adds to economic growth.
significance to public health:
1. Cheaper production ⟹ equitable access.
2. Improved health ⟹ healthier workforce for India.
3. Catering to global needs ⟹ geopolitical significance (Bangladesh, Nepal, pullmovers)
Improvements:
1. Improvements in regulatory framework.
2. Implement in quality of clinical trials.
3. Transparency in publishing reports and findings by companies.
Conclusion
To retain its as [illegible] producer, India must avoid instances there in Comba and scarechead affordable and quality pharmaceuticals
19 words
- Clear identification of four key factors
- Contemporary reference to COVID-19
- Mentions government schemes
- Well-structured introduction
BHAVIKA CHOFRA
Distribution of Key Natural Resources
Tertiary sector industries
Pharmaceutical Industry Growth
158
Total words
4
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