Pharmaceutical Industry and Public Policy in Post-reform India

This book explores the developments in the Indian pharmaceutical industry in the context of economic reforms introduced in India since 1991 and the implementation of the provisions in the TRIPS Agreement of the World Trade Organization. It also contains a comprehensive analysis of pharmaceutical export and import, research and development, access to medicines as well, as the latest drug price control system in the country.

This book examines the impact of economic reforms in India on the pharmaceutical industry and access to medicines. It traces the changing production and trade pattern of the industry, research and development (R&D) preferences and strategies of Indian pharmaceutical firms, patent system alongside pricing policy measures and their shortcomings. It also analyses the public health financing system in India driven largely by out-of-pocket expenditure — about 60 per cent — and characterised by very high share of medicines in total health expenditure.

A masterful insight into a topical area, the work will be indispensable to those working on pharmaceutical industry and public policy. It will be of interest to researchers, scholars, students, and policy-makers of economics, industrial policy, public policy, intellectual property rights and health financing.