Factors driving this growth: Favourable environment for
As per the report of Mordor • Increasing demand for Pharmaceutical Industry of intelligence, by 2027 Indian generic drug India: Pharmaceutical Industry is • Rising healthcare • Government Support (PLI project to grow at the CAGR of expenditure Schemes) 10.7%. • Growing awareness about • Favourable regulatory health and wellness environment Regulatory Environment
• Central Drugs • Approving new • Good
Modus Operandi Functions Bodies
Standard Control drugs, clinical Manufacturing
Organization trials, and Practices (GMP) (CDSCO) regulating the • Good Laboratory • Drug Controller import and export Practices (GLP) General of India of drugs • Price controls to (DCGI) • Ensure the quality, ensure the • Ministry of Health safety, and efficacy affordability of drugs