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India situated in southern part of Asia is seventh largest country in the world. It is surrounded by the Arabian Sea and the Bay of Bengal. Lotus is the national flower of India which symbolizes the cordiality and hospitality of this great country.
Geographically, this country is shares its boundary with seven neighboring nations. It is spread over 3 million sq. kms. India accounts for 20% population of the world. India’s agricultural productivity is different depending on geographical locations as it is affected highly by the climate. In recent past this country has participated in East Asia Summit and G8+5 with several other multilateral forums.
The economy of India is the fourth largest based on Purchasing Power Parity. It has the fastest growing free market democracy. India is currently showing stability in growth with 8% annual growth. Economic growth of India is majorly dependent on agriculture and construction. Recent years have huge technology advancements in India presenting a significant opportunity for multinational corporations in India. Research and development services market of India increased by 9.9% in 2015 as compared to 2014. It accounts for almost 22% of the global market.
In past India has produced 10 Nobel laureates in field of physics medicine, chemistry and literature. The pharmaceutical industry of India is third by volume. The government of India encouraged this growth from 1960 and at present pharmacy council of India is the statuary body under the Pharmacy act, 1948. Branded generics dominate the pharmaceutical market of India. Bio-pharmceutical market is expected to grow by 30% a year comprising Biopharma, comprising vaccines, therapeutics and diagnostics. Manipal College Of Pharmaceutical Sciences, Manipal and Jamia Hamdard, Delhi are among the most reputed colleges of pharmacy in India with several other top colleges in different states of India such as University institute of pharmaceutical sciences, Chandigarh; Institute of Pharmacy, Nirma University, Ahmedabad; Bombay College of Pharmacy, Mumbai. High number of pharmaceutical journals are published in India with high number of quality articles. Some of the major journals are Indian Journal of Pharmaceutical Sciences, Indian Journal of Pharmaceutical Education and Research, Indian Journal of Pharmacy Practice and Indian Journal of Pharmaceutics.