The Pharmaceutical Industry develops, produces and market medicines or pharmaceuticals licensed for the use of medical purpose. Indian pharmaceutical industry is the 3rd largest in the world, in terms of volume. India has over 10,000 manufacturing units and 3000+ pharmaceutical companies contributing to the compound annual growth rate (CAGR) of around 13-14% of the pharma sector. The Indian pharmaceutical market is expected to grow at a CAGR of 23% to reach $55 billion by 2020.
With increasing foreign investment and new companies entering the Indian market, pharma insdutry promises lucrative job opportunities for the right talent. Pharmaceutical industry is prospering steadily, not much affected by recession, and hence is attracting young talent looking to make a successful career in pharma sector.
Pharmaceutical industry has a never ending need for skilled manpower in R&D, manufacturing, quality control/assurance, marketing and sales, intellectual property, etc. These lot many exciting and challenging career opportunities in the sector is becoming a popular choice of the young generation to meet their career aspirations.