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Anindita Institute of NursingGROWTH OF INDIAN PHARMA INDUSTRY
The fact which might not have been discussed much is that Indian pharmaceutical sector supplies over 50% of the global demand for various vaccines, 40% of the generic demand for US and 25% of all medicines for UK. According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market stood at US$ 42 billion in 2021 and is likely to reach US$ 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030. In terms of overall revenue, the Indian pharmaceutical market increased by 13.9% in January 2022. India is the largest producer of vaccines worldwide, accounting for ~60% of the total vaccines, as of 2021. As of August 2021, CARE Ratings expect India's pharmaceutical business to develop at an annual rate of 11% over the next two years, to reach more than US$ 60 billion in value.
The Indian Pharmaceuticals sector has seen some major developments, investments and support from the government in the recent past. For Example:
As per the Union Budget 2022-23:
WHAT NEXT:
The future of this industry is quite enthralling. India being the 3rd largest pharmaceuticals industry in the world by volume offers a positive growth trajectory in the coming years.
‘Pharma Vision 2020’ by the Government’s Department of Pharmaceuticals aims to make India a major hub for end-to-end drug discovery.
Over the next five years, India's medical spending is expected to increase by 9–12% placing it among the top 10 nations worldwide. The ability of companies to orient their product portfolio towards chronic therapies for diseases like cardiovascular, anti-diabetes, anti-depressants, and anti-cancers, which are on the rise, will also play a role in future domestic sales growth. Speedy introduction of generic drugs into the market has remained in focus and is expected to benefit the Indian pharmaceutical companies.
@ Sanchita Roychowdhury
জঙ্গলমহল - বাঁকুড়া, পুরুলিয়া, ঝাড়গ্রাম ও পশ্চিম মেদিনীপুরের বিস্তীর্ণ অঞ্চল - প্রাচীনকাল থেকেই এক অনন্য সংস্কৃতি, লোকবিশ্বাস ও প্রকৃতি -পূজার পীঠস্থান। এখানকার অজস্র পাহাড়, জঙ্গল, নদী আর লাল মাটির বুক জুড়ে গড়ে উঠেছে হাজারো বছরের আদিবাসী আচার-অনুষ্ঠান। তারই একটি গভীর অথচ আজ প্রায় বিস্মৃত প্রথা হলো পাহাড় পূজা। পাহাড় পূজা এক আচার, যা কোনও ধর্মগ্রন্থে লেখা নেই, তবু শতাব্দীর পর শতাব্দী ধরে এখানকার মানুষ মন প্রাণ ঢেলে পালন করে আসছে।
World Music Day, celebrated annually on June 21st, isn't just about listening to tunes, it's a magnificent opportunity to immerse ourselves in the soul-stirring depths of India's profound sonic heritage. This isn't just a day for melodies, it's a global stage to truly appreciate a legacy that has captivated hearts and minds for centuries. From the ancient, resonant echoes of Vedic chants that predate recorded history, to the intricate, emotive landscapes of classical ragas like Hindustani and Carnatic, India's musical journey is a testament to its rich cultural revolution. Imagine the centuries of devotion and discipline poured into perfecting each note, each nuanced phrase, designed not just to entertain but to evoke specific emotions and connect with the divine. The very fabric of Indian classical music has been woven by titans whose names resonate through time. Think of the sitar maestro Pandit Ravi Shankar, who brought Indian classical music to the global stage through his iconic collaborations with Western artists like George Harrison. Or the captivating voice of Bharat Ratna M.S. Subbulakshmi, whose devotion to Carnatic music touched millions. In Hindustani classical, the powerful and soulful renditions of Pandit Bhimsen Joshi (Khayal) and the unparalleled mastery of the shehnai by Ustad Bismillah Khan continue to inspire awe. And who can forget the rhythmic genius of tabla virtuoso Ustad Zakir Hussain, who has pushed the boundaries of percussion across genres. Beyond the classical and folk traditions, towering figures have shaped the modern musical landscape. Rabindranath Tagore, India's first Nobel laureate and a true polymath, made an unparalleled contribution through Rabindra Sangeet. He composed over 2,000 songs, blending elements of Hindustani classical, folk melodies, and Western influences, often setting them to his own poetry. Rabindranath Tagore's music is not merely an accompaniment to his words, it's an integral part of his philosophy, expressing a vast range of human emotions, spiritual insights, and love for nature and country. His compositions are a distinct and beloved genre, deeply ingrained in the cultural psyche of Bengal and beyond. But India's musical story isn't confined to grand concert halls. It thrives in the vibrant rhythms of its diverse folk music, echoing across sun-drenched fields, bustling village squares, and festive celebrations. Each region, each community, boasts its own unique musical dialect – from the spirited bhangra of Punjab to the soulful baul songs of Bengal, and the captivating Lavani of Maharashtra. These are the sounds of daily life, of stories passed down through generations, of shared joy and collective spirit. Legendary folk artists like Bhupen Hazarika from Assam, whose poignant songs spoke of humanity and social justice, or the mesmerizing voices of the Nooran Sisters in Sufi music, have ensured these traditions continue to flourish. India's sonic landscape is constantly evolving, embracing innovative fusions of contemporary genres. Modern Indian artists, championed by trailblazers like the Oscar-winning composer A.R. Rahman, are fearlessly blending traditional instruments and melodies with Western influences, creating sounds that are both rooted in heritage and refreshingly new. The golden voices of playback singers like Lata Mangeshkar, Kishore Kumar and Mohammed Rafi have defined generations of Bollywood music. In current scenario Kumar Sanu, Alka Yagnik, Sonu Nigam, Shreya Ghosal, Arijit Singh and so many singers showcasing the versatility and emotional depth of Indian vocal artistry. On this World Music Day, let's not just passively listen, but actively recognize and appreciate the intricate melodies, complex rhythmic structures, and the undeniable spiritual depth embedded within Indian music. It's a reminder of its enduring influence, not just on India's own vibrant culture, but on the wider world, inspiring musicians and enchanting audiences across continents.
Tonumoy Bhattacharya
Anupam Biswas
29th July, 2022 15:42
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