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India is the second largest pharma market in the world. With a population of 1.3 billion, the country is expected to be one of the fastest growing markets for pharma services in the coming years. With such a large population, a growing middle class and increasing penetration of affordable generic drugs, the Indian pharmaceutical market is projected to grow at a CAGR of 6% over the next five years. However, the Indian pharmaceutical market has many challenges too. Among them are the high costs of manufacturing and testing, high prices of generic drugs, intense regulatory requirements, and inadequate supply of quality healthcare. In this article, you will learn more about the challenges and opportunities in the Indian pharma industry and the regulatory standards of ethical pharma companies operating in the country.

An ethical pharmaceutical company is a business that operates with the highest standards of ethics and compliance in everything it does. The term ethical is applied to companies that operate according to a set of ethical principles. An ethical pharmaceutical company maintains a normal, healthy balance between the interest of the company and the interest of the community. It aims to balance the interests of all stakeholders, including the community, the employees, the shareholders, and the environment.