[ad_1]
Topic: Investment models.
5. Why is India known as the Pharmacy of the world? Critically analyse the potential that Public-Private partnerships (PPP) hold in pharma sector, so that, India can go beyond manufacturing just generic drugs. (250 words)
Difficulty level: Moderate.
Reference: The Hindu
Why the question:
Recently, the ICMR chief commented that the Covaxin development has proved that India is more than pharmacy of world
Key Demand of the question:
To write about the India as the pharmacy of the world and the innovation potential of India in pharmacy sector through PPP mechanism.
Directive word:
Critically analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a balanced judgment on the topic.
Structure of the answer:
Introduction:
Begin by giving statistics related to development of pharmaceutical products/sector in India.
Body:
First, write about reasons as to why India is known as the pharmacy of the world.
Next, Mention about India’s edge in terms fructifying PPP model in pharma sector – low-cost skilled manpower and a well-established manufacturing base in the pharma sector. Discuss the emergence of India as amongst the biggest exporters of vaccines with world-class R&D facilities and qualified manpower being a transitional shift from being tagged as mere global generic drug producer by harnessing technological developments such as Artificial Intelligence, digital therapeutics etc.
Next. Mention the limitations and bottlenecks of the above – dependence on exports for API, lack of expertise, funding issues.
Conclusion:
Conclude by stating that PPP ventures bring the best of both the parties viz Government and Private and presents a great opportunity for India to gain prominence in the global scenario.
[ad_2]