DRUGS AND PHARMACEUTICAL INDUSTRY
Evolution of Indian Pharmaceutical Industry: In the process of industrialization, pharmaceuticals have been a favorite sector for policy makers in the developed as well in many developing countries, including India. This special policy preference has been due to the criticality of the pharmaceutical products for the health security of the populace as well as for developing strategic advantages in the knowledge‐based economy. However, not all developing countries succeeded in enhancing local capabilities in the sector. The growth of the pharmaceutical industry in the developing region is largely confined to a few countries like India, China, Singapore, Korea, Czech Republic, Brazil, and Argentina. Among these countries, most often the case of Indian pharmaceutical industry is projected as the most successful case of a developing country scaling up the indigenous capabilities The pharmaceutical production in India began in 1910s when private initiatives established Bengal Ch...