INDIA'S COOPERATION WITH NEIGHBOURING COUNTRIES FOR VACCINE DEVELOPMENT
Extraordinary and Plenipotentiary Diplomatist|December 2020
In 1969, the Indian pharmaceutical industry had a 5 percent share of the market and the global pharma industry had a 95 percent share.
SURBHI ARORA*
INDIA'S COOPERATION WITH NEIGHBOURING COUNTRIES FOR VACCINE DEVELOPMENT

By 2020, it is the reverse, with Indian pharma having an almost 85 percent share and global, 15 percent. Over these years the Indian pharmaceutical industry has build-up its position both in terms of meeting the domestic needs as well as building a leading position in the landscape of the global pharmaceutical.

Indian drug companies are major manufacturers of vaccines distributed worldwide, supplying more than 60% of vaccines to the developing world. The Indian pharmaceuticals market is the third-largest in terms of volume and the 13th largest in terms of value. India has a competitive advantage in this industry due to the availability of huge raw material base and skilled workforce. Indian pharmaceutical industry is expected to export medicines and other goods worth over $25 billion in the current financial year; up from $20.5 billion in 2019-20.

During the first six months of the current financial year, Indian pharmaceutical exports were $11.38 billion, nearly 15 percent more than that in the same period last year. Indian pharma export is a highly regulated market and thus, this increase is considered quite significant. India is the largest supplier of generic medicines globally in the range of 20–22% of the global export volume. India has exported US$ 3.89 billion of Bulk Drugs & Drug intermediates in FY20.

هذه القصة مأخوذة من طبعة December 2020 من Extraordinary and Plenipotentiary Diplomatist.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 2020 من Extraordinary and Plenipotentiary Diplomatist.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من EXTRAORDINARY AND PLENIPOTENTIARY DIPLOMATIST مشاهدة الكل
THE WOLF ECONOMY AWAKENS
Extraordinary and Plenipotentiary Diplomatist

THE WOLF ECONOMY AWAKENS

Mongolia's Fight for Democracy, and a Green and Digital Future

time-read
1 min  |
June 2024
DESTINATION Kenya
Extraordinary and Plenipotentiary Diplomatist

DESTINATION Kenya

Background - My interest in visiting Kenya began on December 3, 2016, when the Kenya Tourism Board organized the Magical Kenya Open Golf Tournament in Delhi. The event, by invitation only, attracted many notable figures from Delhi NCR, and I was fortunate to be one of the winners. Along with a beautiful trophy, the prize included a trip to Kenya to play three rounds of golf in Nairobi and visit the renowned wildlife sanctuaries of Kenya.

time-read
5 mins  |
June 2024
THE POLITICAL LESSONS FROM THE MAHABHARATA
Extraordinary and Plenipotentiary Diplomatist

THE POLITICAL LESSONS FROM THE MAHABHARATA

The word 'politics' always inflicts a sense of excitement as well as resentment amongst the public at large. Often people irrespective of gender or age are found commenting upon the dynamics of politics and the way it has taken shape over the years.

time-read
4 mins  |
June 2024
UNIVERSAL HEALTH INSURANCE: TRANSFORMING TANZANIA'S HEALTHCARE SYSTEM
Extraordinary and Plenipotentiary Diplomatist

UNIVERSAL HEALTH INSURANCE: TRANSFORMING TANZANIA'S HEALTHCARE SYSTEM

Tanzania, a country known for its rich cultural heritage and breathtaking landscapes, is now setting a new precedent in the healthcare sector.

time-read
5 mins  |
June 2024
INDIA'S ELECTRIC REVOLUTION: LEADING THE GLOBAL THREE-WHEELER MARKET
Extraordinary and Plenipotentiary Diplomatist

INDIA'S ELECTRIC REVOLUTION: LEADING THE GLOBAL THREE-WHEELER MARKET

Globally, long-term EV growth is expected to lower battery prices and advance next-generation battery technology, enhancing the economic viability of electric vehicles. According to a BNEF report, the three-wheeled vehicle segment is on track to reach net zero emissions by mid-century, with India's growth positioning it as a global leader.

time-read
4 mins  |
June 2024
INDIA'S STRATEGY TO SCALE UP GREEN HYDROGEN PRODUCTION
Extraordinary and Plenipotentiary Diplomatist

INDIA'S STRATEGY TO SCALE UP GREEN HYDROGEN PRODUCTION

India's first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal's Jhakri was inaugurated on April 24 this year.

time-read
4 mins  |
June 2024
"Vietnam-India comprehensive strategic partnership has made progress"
Extraordinary and Plenipotentiary Diplomatist

"Vietnam-India comprehensive strategic partnership has made progress"

In an interview with Diplomatist Magazine, Mr. Le Quang Bien, Consul General of Vietnam in Mumbai, provides perspectives on the burgeoning Vietnam-India relationship, particularly focussing on trade, investment, tourism, and renewable energy sectors. With Vietnam's emergence as a pivotal manufacturing hub in Southeast Asia and India's robust technological prowess, he highlights the promising avenues for collaboration in manufacturing, technology, and agriculture. Mr. Bien also sheds light on Vietnam's rich cultural and natural attractions, emphasising the Consulate General's efforts to promote tourism and culinary exchange in Mumbai.

time-read
9 mins  |
June 2024
THE EVOLUTION OF MINILATERALS: CATALYSTS FOR STRATEGIC COOPERATION IN THE INDO-PACIFIC
Extraordinary and Plenipotentiary Diplomatist

THE EVOLUTION OF MINILATERALS: CATALYSTS FOR STRATEGIC COOPERATION IN THE INDO-PACIFIC

The current set of multilaterals, collectively or individually are facing a challenge in achieving four objectives of the largest multilateral institutions, the United Nations viz, \"maintaining international peace and security, protecting human rights, delivering humanitarian aid and support sustainable development\", owing to rising great power competition, unbridled competition among regional powers and unprecedented challenges in the Global North and the Global South.

time-read
4 mins  |
June 2024
NAVIGATING THE CROSSROADS: VISION FOR EUROPE'S FUTURE
Extraordinary and Plenipotentiary Diplomatist

NAVIGATING THE CROSSROADS: VISION FOR EUROPE'S FUTURE

\"Europe will not be made all at once, or according to a single plan. It will be built through concrete achievements which first create a de facto solidarity.\" Jean Monnet - The Father of the European Union.

time-read
2 mins  |
June 2024
ECONOMIC REFORMS AND GROWTH PROSPECTS: INDIA'S AGENDA FOR THE GLOBAL ECONOMY
Extraordinary and Plenipotentiary Diplomatist

ECONOMIC REFORMS AND GROWTH PROSPECTS: INDIA'S AGENDA FOR THE GLOBAL ECONOMY

India's economy is of global importance with a large young population and an open and democratic political system. It is already the third-largest economy and contributor to global economic growth, yet there is considerable untapped potential.

time-read
4 mins  |
June 2024