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Growth of Pharma companies in India
The rapid growth of pharmaceutical companies has made it the second largest
growing industry in India and the third largest in the world. Research shows that with
this growth, India will be in the top 10 markets by the end of the year 2015. Some
experts say that the population of the high income group is the reason for its growth.
Whatever the reason is, such numbers show that there are ample job options
available in this industry and if you are looking to invest then you have an option
available.
Nowadays, pharmaceutical companies are competing with the top most multinational
companies. Most of the people are paying attention in purchasing the pharma
products from a reputed supplier instead of regular supplier. But, still there are
people available that don’t pay much attention when it comes to purchase the high
quality products.
The majority of the middle class people in India are spending almost half of their
earning on drugs and medicines. This study shows that one of the members of the
family is surviving on the medicines.
Ranbaxy, Ipca, Cipla are among the leading pharmaceutical companies in India. They
are following the standard policies and are providing high quality products to their
clients.
Another research shows that India will be the most populated country by the year
2035 and this will have an impact on the global pharma industry as with the growth of
the economy there will be a growth of health problems.
The sale of pharmaceutical products is a money-making career option as it offers
excellent salary and growth opportunity. Pharma firms hire for the role of medical
representative or sales representative. The employees of such companies, visit
hospitals, health centers, clinics, medical practitioners and take care of distributor,
retail and gives the information about the products they deal with in the market.
Such growth of pharma manufacturing companies in India shows that it will be a
profitable business in the coming years.
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