Chapter 1. Indian Pharmaceutical Market Overview
1.1 Scale of Pharmaceutical Market
1.1.1 Domestic pharmaceutical market
India is among the fastest growing pharmaceutical markets in the world. The domestic pharmaceutical market recorded sales of US$ 7.3 billion in 2006 with a growth of 17.5 per cent over the previous year.
1.1.2 Pharmaceutical Industry
The Indian pharmaceutical industry
agreement to form free trade area and choose to negotiate together (either as a trade bloc or as a forum of individual members of their FTA) another free trade agreement with some external country (or countries) — then the new FTA will consist of the old FTA plus the new country (or countries).
Within an industrialized country there are usually few if any significant barriers to the eas
The Mid-19th Century
: Difficult Political and Social Circumstances
Reasons for lack of development
1. The incomplete accomplishment of the industrial revolution
2. The lack of political ties
3. The dramatic loss of the last Spanish Colonies
Correspondents’ Centre
: the first Spanish news agency by Fabra
Fabra’s encounter with Havas
; Agreement (Fabra offered news
INDIA : REPUBLIC OF INDIA
A country in South Asia
The 7th largest country
The 2nd most populous country
The most populous democracy
FTA vs. CEPA
Economic pacts between countries that are aimed
at reducing tariffs and improving bilateral trade
CEPA :
Comprehensive Economic Partnership agreement
PURPOSE OF CEPA
India’s side
-One of the OECD countries
-To take
the opportunity to develop new business strategies. Amazon used the internet and the associated strategies made e-commerce markets possible, to pursue a cost-leadership model and consolidate the bookselling industries. Amazon’s success in the book market as accelerated the consolidation of the book retail industry, and many small bookstores had closed because they cannot compete by price