Pharma Industry Has Emerged As An Alluring Career Option

The rate of growth of the pharmaceutical sector is directly proportional to the growth of the healthcare sector, writes Vishal M Balaramnavar

- Vishal M Balaramnavar

As the healthcare sector across the globe is growing, it has opened good career opportunities for thousands of students of pharmaceutical science because the rate of growth of the pharmaceutical sector is interlinked and is directly proportional to the growth of the healthcare sector. The outbreak of Covid-19 pandemic has pushed the pharmaceutical industry to innovate with the use of digitisation. The current pandemic has brought the entire world to its knees and the whole world has observed the adverse catastrophe of this global pandemic.

Growing demand

According to India Brand Equity Foundation (IBEF), the Indian pharmaceutical sector supplies over 50% of global demand for various vaccines. It also states that India is the largest provider of generic drugs globally. In the current scenario, the demand for medicines is increasing day by day, so the employment in the pharma sector is also rising. According to sources of government statistics, over 300 institutions impart diplomas or degrees to nearly 20,000 students in India every year. Indian pharmaceutical industry is one of the largest pharma industries in the world and this widens the scope of pharma studies in India and abroad.