FROM THE DESK OF THE EDITOR-IN-CHIEF
first issue of 2019 goes to print, it
brings in the 17th year of publication
of The Pharma Review. An amazing and
fulfilling experience to be a part of
India's top performing Pharma sector.
2019 is also election year in India.
Many report cards of the Modi Govt.,
which come to power with a huge mandate
in 2014, will be made and dissected.
Accusations and counter accusations,
statements and denials, between the
Govt. and the opposition will fly fast
and furious, in what is going to be a
very hard fought election. The results
eagerly awaited by all.
Budget 2019 sees a huge increase in
allocation of over 16% for health care.
The budget document shows an allocation
of 90.6K crore for Dept of Health and
Family Welfare, 3.3K crore for health
research and 2.2K crore for AYUSH.
Ayushman Bharat gets an allocation of
As per recent notification issued by the
Union health ministry, X-ray machines,
bone marrow cell separators, MRI and CT
Scanners will not be medical equipment
henceforth. These will now be treated
like any other drug. There is mixed
reaction from the medical fraternity.
A recent report of CPhI has ranked India
as one of the fastest improving Pharma
markets for 2019. A high growth domestic
market, ever increasing exports, hugely
improved quality of APIs and finished
products, makes India the place to be
In what can be termed as 'immensely
encouraging' for traditional forms of
medicine, a report of CII and PwC shows
significant increase in use of Ayurveda
products in Indian households. Constant
improvement in standards, quality,
efficacy and investment could well make
this a big boom sector for India's
growth. The Ayurveda industry is set to
grow at a CAGR of 16% over the next 5
Another sector in which India can see
unprecedented growth is Biosimilars. As
more regulated markets embrace
Biosimilars, India with a record number
of approvals, engagement with semi
regulated markets, has huge potential on
the world stage. With Ayushman Bharat
being rolled out, affordable Biosimilars
can play a huge role.
Two big recent events of our industry
went off in great style – the CPhI / P-Mec
India Expo, for the first time in Delhi
NCR and the Asia Pharma Expo, Dhaka.
Congrats to the organizers.