Report: India’s strong commercial opportunities hampered by bureaucracy and poor policy planning
Due to its large population and substantial unmet medical needs, India represents a market with strong commercial opportunities for pharmaceutical firms, notes a new report on India’s pharmaceuticals and health care sector from Business Monitor.
However, Business Monitor highlights that the government is impeding the development of its pharmaceutical sector, mainly due to extensive bureaucracy and poor policy planning. Some of the issues affecting various subsectors in the industry include the regulation of clinical trials, pricing of patented and essential drugs, generally low government involvement in healthcare and foreign direct investments.
Key trends and developments in India’s pharmaceuticals market
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