Pharmaceutical Industry Standard

The Indian Pharmaceutical Industry An Overview on Cost capability using DEA. Haritha Saranga1 & B.V.Phani2 Abstract The Trade Related Intellectual Property Rights governance (TRIPS) agreement is part of an effort of the international community to bm towards a global parsimony. Indias assent to comply with this is a part of its effort towards increased globalization of the domestic economy. The Indian Pharmaceutical Industry (IPI) is one of the few industries which will be affected in a major way repayable to this as the existing Process Patent regime would ease off way to the Product Patent regime from the year 2005. This unite with the changes in the industry due to Indias efforts over the erstwhile(prenominal) one decade to move towards a market economy created a dynamic environment for the firms in the industry. As a result, IPI, comprising of more than 20,000 players, is slowly consolidating with mergers, acquisitions and alliances; and conkting ready to adapt to this stark naked environment. In such a dynamic environment it would be interesting to examine whether there are any(prenominal) prevalent firm level factors which aid in the survival and process of a firm.

This assumes importance due to the fact that with so legion(predicate) players it is almost impossible for any single firm to instruction the factors which affect the industry as a whole. This is particularly genuine when the changes are driven due to the process of globalization and non due to any policy changes of individual governments. With this objective, we have use Data Envelopment Analysis (DEA) on a essay of 44 listed companies that have survived the past one-decade, to determine the best practices if any in the Indian Pharmaceutical Industry. The results of DEA have been analyzed on with their Compounded Annual Growth Rate (CAGR) to see if inner(a) efficiencies and growth rate are related in the Indian Pharmaceutical Industry. We have also used regression compend to see the correlations between various inputs/outputs and the growth rates.... If you want to get a full essay, order it on our website: Orderessay

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