R&D investments are an important component for driving the sales and distribution of the pharmaceutical drug market (Pammolli, Magazzini, & Riccaboni, 2011).
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.
AYUSH treatment is gaining attention for treating spondylitis, arthritis, epilepsy, gallstone, and varied allergies. Its treatments are significantly higher in treating skin, muscular-skeletal related ailments, and persistent allergic conditions.
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).
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).
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 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.