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.
A timely well-researched contribution on the Indian pharmaceutical industry. Policymakers should take note of the concerns raised in respect of the impact of reforms on industrial development, innovation and access to medicines. — Dinesh Abrol, Institute for Studies in Industrial Development, New Delhi.
India's pharmaceutical industry is widely acknowledged as a success story but a major weakness is the import dependence on one country, China. Attracting our attention to this aspect which has important policy implications is one of the important merits of the book. — Sudip Chaudhuri, Indian Institute of Management Calcutta.
1. Introduction 2. An Overview of Indian Pharmaceutical Industry and Health 3. Patterns of Trade in the Indian Pharmaceutical Industry 4. Pharmaceutical R&D in India 5. IPRs and Access to Medicines 6. The Drug Price Control System in India and Access to Medicines 7. Summary and Conclusion
At a time when countries of the South Asian region are in a state of flux, reflected in far-reaching economic, political and social changes, this series aims to showcase critical analyses of some of the central questions relating to the direction and implications of those changes. Volumes in the series focus on economic issues and integrate these with incisive insights into historical, political and social contexts. Drawing on work by established scholars as well as younger researchers, they examine different aspects of political economy that are essential for understanding the present and have an important bearing on the future. The series will provide fresh analytical perspectives and empirical assessments that will be useful for students, researchers, policy makers and concerned citizens.
The first books in the series cover themes such as the economic impact of new regimes of intellectual property rights, the trajectory of financial development in India, changing patterns of consumption expenditure and trends in poverty, health and human development in India, and land relations. Future volumes will deal with varying facets of economic processes and their consequences for the countries of South Asia.