Question Q7GS3GS3
How is technology transforming India's pharmaceutical industry in terms of drug development and manufacturing? (Answer in 150 words)
Introduction
India ranks third in the volume of pharmaceutical exports in the world and ranks thirteenth in value of exports.
19 words
Main Body
Technology transformation in pharmaceutical industry: (1) Creation of websites for a single window clearance for industries. Example: Ease of doing business. (2) PLI scheme is providing the technological incentive for production. Example: Manufacture of drugs. (3) Genetic engineering techniques. Example: Practice medicine.
4Use of stemcell technology to create new drugs. (5) Drug parks are set up for a robust manufacturing. Example: Satlanapur Drug Park. (6) Storage mechanisms and related infrastructure. Example: Cold storage for vaccine during COVID-19 pandemic. (7) APIs supply for the drug manufacturing. (8) R&D support. Example: Through latest collaboration under global network of WHO.
98 words1 paragraphs
Conclusion
The pharmaceutical industry has huge potential in boosting the economy thus achieving developed country status by 2047.
17 words
Topper
Gudelli Srujana
AIR 55
Subject & Paper
GS3GS3
Topic
Science and Technology
Biopharma
Technology in pharmaceutical industry
Writing Stats
134
Total words
1
Paragraphs