This is why your medicines are produced in India
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- Опубліковано 27 сер 2024
- Valued at over US$35 billion a year, the pharmaceutical industry in India is hard to ignore. In fact, worldwide they are the largest producer of generic medicines. How did they achieve this position?
Ammar Badwy will give you some background information and will dive into the history with you on how India has become such a big pharma player.
Curious how all countries became dependent on China when it comes to APIs, the video Ammar was talking about? You can find it here: • This is why the pharma...
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What should India do to keep or even grow its position as a global pharma leader? Any ideas?
Maintain or expand funding/subsidies for cheap education for everyone. Expand funding for research and PhD students, will assist in keeping a competitive edge when it comes to research and intellectual property. Invest in further improving access to healthcare for everyone; will increase quality-of-life but also ensure everyone receives the medicine they need, which in turn creates a bigger market for local and foreign pharmaceutical companies, making India even more attractive than it already is.
Are a few things that come to my feeble mind..
Invest more in infrastructure and promoting more manufacturing units.
www.india.gov.in/spotlight/pradhan-mantri-bhartiya-janaushadhi-pariyojana
India should stop APIs from China and build capabilities within India.
India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.
Indian companies make medicine that are affordable to all people not just rich people ( like some western companies)
There is no doubt that western health exploit a lot. I mean lot.
However
Indian Healthcare as well as medicine is cheap to THEM based on their expenditure and dollar conversion.
BUT for median Indian health care cost relative to its income is still very large.
It's not that affordable for a common Indian.
May be I can or you can easily afford simple test of 2000rs and medicine of 1000rs with doc fees of 500-800 rs.
This sum of around 3000to 4000 for most ppl whose salary are way below 30k is very significant amount.
Most unorganised sector population can't even afford this much.
We all know our govt hospital infrastructure.
Private hospitals are literally exploiting money out of their patient
@@chandankumar10360 yes that also true,
private hospitals do cost more ( man you wrote whole essay 😂 , are you that frustrated lol)
@@prathameshkhedkar5846 thankfully I haven't seen doors of hospital yet.
But I do like things to be seen as it is. No sugarcoating and also no unnecessary bashing.
@@chandankumar10360our economy is still at starting stage. Offcourse people can't spend
@@vikasreddy3603 it has less to do with stage of economy. Infact as with growth quality increases but also the cost.
It has to do more with poor admin and in efficiency. The amount of money spent is not equally manifested in real terms.
Social security is our biggest issue.
We do need little bit of "revdi" to provide safety net. However issue is of funds which can be easily be procured if our economy becomes more organised and our tax Bas increases. But we instead increase tax on the already tax payers.
Also govt needs to "showcase and prove" yes prove on every stage that there spending is in good terms.
That's how transaction works.
But opposition keeps on detailing reforms and party in power thinks they the super power. It's should be ctz vs govt. not ctzn(party A) vs ctzn(party b).
We should really protect the pharma sector of India. Most of those drugs cost ridiculously high in America.
In api sector india will catch up in coming years, lot's of government reforms have been taken, & now companies are investing in r&d sector also
India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.
Nice 👍 love india from combodia
Here in India, Medical Store oners are required to take a Course on Medicine. So when we are sick, Unless its seriuis we head to Medical Stores and ask the Store owner for Mends and he will suggest Medicine. Saves time and money of Check-ups and Hospitalization.
India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.
Still it's wrong ra.
You didn’t explain the difference between process patent and product patent. It’s not counterfeit products but it was about creating chemistries in a non patented process, and TRIPS wanted to close this legal loophole.
Thanks for adding that @gf1227!
@@Pharmaoffer: Kindly correct the narrative where the word counterfeit is used.
India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.
Clear,crisp, short.. 👍 nice one.
Thank you, Selvakumar!
Good new information to people like me to know about India the largest democracy nation .
Thanks for another great video!
I think that India should try and discover less harmful inactive ingredients in medications that are tablet formation
Everyone is welcomed in indian pharma for help and support as well as suggestions and discussion without nationality restrictions. India works with doctors beyond borders. India works with these doctors as one against big pharma.
You are afraid of Indian medicines? Oh don't buy them....get from usa , right?
Thank you for this video.
Ammar very soon want to do exporting pharma products from India. Can you suggest me specific products I should focus on.
Regards.
Hi Rehan,
It depends on your expertise, but I would recommend choosing a group of niche APIs and becoming king in these products. You can reach out to the Pharmaoffer team. We have marketing reports that provide more information in detail about the popularity of each API.
Good luck!
Best, Ammar
Love it ive learn a lot more power
Say something about ISRO, Curry is not so important.
Very nice
Nice!!!
www.india.gov.in/spotlight/pradhan-mantri-bhartiya-janaushadhi-pariyojana
Very helpful need pharma channels like this
Thanks Mayur😀
This video is 2 years old. Now the reality is Indian medicine even in India are almost doubled in price in 2 years.
RIP
Wrong information
Kha se khrid rha hai bhyii
India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.
Thanks a lot.
www.india.gov.in/spotlight/pradhan-mantri-bhartiya-janaushadhi-pariyojana
Say economical or reasonably priced,instead of word cheap.,
This is a very informative video, thank you :)
Thank you!
India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.
What is the salary structure in pharmacy?
Very interesting topic! We plan to make a blog about it soon. We will let you know when it's ready :)
HI Akshay, that was a great idea. We wrote a new blog post with a very similar subject, have a look: pharmaoffer.com/blog/how-much-do-pharmacists-earn-around-the-globe/
Hope you enjoy it!
Very less i am b pharmacy student ..but i can open pharmacy store which is good 😊
I want to became a doctor.
Is that trast taste background music i hear?
በጣም አሪፊ
Let me tell we citizens of Bharat hate Bollywood
Flecainide 25mg(Indian)
You should have said ‘This is why Indian drugs are cheaper and accessible to poor’.
..India makes medicines much cheaper than other countries. So what if our medicines kill African and Indonesian children? People will always want cheap medicines.....
Brplother i want to start my company .kindly give me bold advice
I thought that it was an Indian medicine but medicine produced in India instead. China has TCM.
How's environmental pollution going to have adverse effects on Indian Pharmaceutical industries? Will Indians and the World stop buying those cheap medicines?
come get simple procedures done in India. you will be charged 1/10 or 1/100 of American cost
What about the cost of plane travel cost?
@@mehtar66 everything will be covered within 1/3 of its cost!
Choose good hanker. He seems like alian.
not enough govt regulations or stringent guidelines to make it a world leader in pharmaceuticals but above all no accountability or R & D
Lots of govt regulations now. Also India allows patent, but not evergreening of patents
Bollywood 🤮
'generics' producers don't need to take risks and pay for R&D. Just duplicate what others have achieved and proven successes, then come in with cheap labor and mass production. Great strategy. It will also mean that 'generics' will breed a culture of not being the innovator because it pays better to be follower.
It is more complicated than that. Patent for the Original invention of Insulin was given to the world for free. Why insulin is so costly in the US? The US pharma industry along with its medical feternity and the FDA have joined hands to loot the American public. That is why no cheaper insulin variety, whose patent has expired is available in the US. Go figure.
Pharma companies are allowed to sell own products for 15yrs and only then mass production by others is possible
Generics are very important. At least for 90% of the population of the world