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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