R&D investments are an important component for driving the sales and distribution of the pharmaceutical drug market (Pammolli, Magazzini, & Riccaboni, 2011). R&D or research and development helps in improving the productivity of drug production as well as outreaching a larger target of the population. Therefore, it may be hypothesized that increased R&D investments improve the sales and distribution of the allopathic as well as AYUSH based drugs in India. R&D investments in pharmaceutical industries help improving expenditures for drug filing, improved quality control, drug clinical tests, packaging, export charges, and inspection costs (Li & Hall, 2016). Read more »
India highly depends on foreign investments in the form of foreign direct investments (FDI) to fund its economic growth (Demirhan & Masca, 2008). Amongst all the sectors, the manufacturing sector and service sector has undergone a transformation and experienced high growth rates in the past few years. However, from the data on FDI, it can be observed that few key industries belonging to these two sectors have boosted at a faster rate than the others and attracted more FDI than the others.
The drug market in India not only manufactures drugs to be used in the country but also for export to other countries of the world (Basak, 2018). There are different international policies and laws as well as country-specific laws that pharma companies need to follow for the export of drugs. There is a good number of evidence that international policies drive pharmaceutical allergy drug market of India. Read more »
20-30% of the Indian population suffers from allergic rhinitis and 15% from asthma annually. Allergy epidemiology also implicated an increasing trend of allergic diseases in India. Despite the rising rates of allergy in India, not many insurance providers cover the allergy in their insurance plan. Currently, there are no insurance companies in India that provide a medical coverage plan for the allopathic treatment of allergic conditions. However, in recent years Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy (AYUSH) has been widely supported by the government and insurance companies (Narula, 2016). Private insurance companies have therefore started AYUSH treatment health insurance coverage. Read more »
The Indian pharmaceutical industry has emerged as the third largest country in the world in terms of volume with a turnover amounting to US $ 21.04 billion in 2009. In addition to this, the industry includes more than 20,000 licensed companies that employs 500,000 people (Industry, 2011). Furthermore, Indian pharmaceutical industry secured the top position among the science based industries through a range of capabilities in production and technology. In terms of market segmentation, leading 250 pharmaceutical companies have controlled 70 % of the market (PwC, 2012). Read more »
Technology-based learning devices in education are being commonly used in primary education in India. On the other hand, the EdTech has been introduced in the secondary and higher secondary schools but is yet to include a whole host of education technology-based learning devices and tools (Yadav, Gupta and Khetrapal, 2018). In terms of tools for education technology, they include gamification, simulation, digitized dialogues, and interactive whiteboards, among others (Shrivastav and Hiltz, 2013). Gamification involves the use of games (individual-based or group based) to create an engaging atmosphere where students can be taught. Read more »
The metallurgical industry has played a significant role in India’s economic growth. India produces 95 minerals, 4 fuel related minerals, 10 metallic minerals, 23 nonmetallic minerals, 3 atomic minerals and 55 minor minerals including building and another type of minerals (FICCI, 2018). The mineral production in India has shown significant growth at CAGR of 5.72% between 2013-14 and 2017-18 to reach an estimated amount of US $ 17.62 billion in 2017 -18 (Indian Brand Equity Foundation, 2018). Read more »
The Indian textile industry has occupied a prominent place in the economic development of the country since independence. The industry has expanded at a very fast rate to become the second largest producer of textile and garments. The Indian textile industry accounts for 24% of the world’s spindle capacity. In terms of the growth of the industry, the market size of the industry has grown from $ 70 billion to $ 90 billion in 2012 (India Brand Equity Foundation, 2012). The industry has also emerged as the second largest employer after agriculture and is expected to grow five-fold in the next ten years to cross the market of $ 500 billion. Further, the industry contributed 5 % to the GDP and 27 % to the country’s foreign exchange inflows in 2012 (Paper, 2015). Read more »