Abstract
Production, value, quantity, and units in the Indian pharmaceutical business are all on the rise, and two key elements seem to fit into the narrative of the whole expansion of the Indian economy. Second, the pharmaceutical business in India has undergone a significant structural change. India has finally finished the 10-year process of adopting a patent legislation, allowing the World Trade Organization to begin identifying foreign goods patents as of January 1, 2005. While they have long been producing generic versions of proprietary pharmaceuticals, Indian pharmaceutical companies will be unable to do so under the new regime. The pharmaceutical sector in India has been evaluated in this research. Ten years, from 2007-08 to 2016-17, are included in the analysis. The analysis found that pharmaceutical firms' profits peaked in 2008 and then declined precipitously in 2015.
Keywords
Pharmaceutical, financial performance, profitability, India