What is the Scope of Pharmacy in India?

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What is the Scope of Pharmacy in India?
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Scope of Pharmacy in India
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FUTURE OF PHARMACY BUSINESS IN INDIA India has
shown significant growth in the last few decades.
It is one of the strongest economies in the world
today. Though every sector has performed well,
industries such as pharmacy have grown remarkably
well. Not only entrepreneurs but people aspiring
for making a bright career in pharmacy also find
it lucrative. Experts say that in the coming
years, pharmacy business will become more
profitable. Hence, it is a wise thing to start
early. As far as various business prospects are
concerned, one can excel in the niche by working
sincerely. Here are a few areas that show a
promising future.
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• RESEARCH AND DEVELOPMENT
• Research and development or RD are the core of
  pharma business. According to the business
  analysts, there will be a high demand for
  qualified pharmacists.
• Resources that possess higher degrees such as M.
  Pharma or Ph.D. will get priority.
• Research on new drugs
• Process development
• Formulation
• Development
• Clinical trials
• Toxicological studies
• Formulation and development
• ANALYSIS AND TESTING
• Analysis and testing go together. For this pharma
  companies require highly skilled people. They can
  take care of analytical work and sophisticated
  equipment.

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Quality Control or QC, and Quality Assurance or
QA are areas where a lot of job opportunities
will generate in the coming times. These job
profiles are important in a pharma business, and
highly respectable and rewarding as
well. MANUFACTURING As the demand for medicines
increases, new industries are coming up. To
manage production and operation in these
industries, entrepreneurs need qualified
people. In a production industry, various skills
are required. Starting from production to
operation, and maintenance to quality control
the need for human resources is
everywhere. SALES AND MARKETING As the demand
for medicines increases, new industries are
coming up. To manage production and operation in
these industries, entrepreneurs need qualified
people.
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It is not enough to manufacture pharmaceutical
products in manufacturing units. It is equally
important to take them to the customers. Sales
and marketing teams play a vital role in it. They
explore the markets and find out areas with high
business potential. People who have a good
caliber of convincing others can make a bright
career in sales and marketing of pharmaceutical
products. CAREER IN HOSPITALS The pharmacists
work in hospitals are people who know better
about the drugs prescribed there Though it is a
more familiar thing in the western countries, in
India also hospitals are appointing qualified
pharmacists nowadays. Since it is a flourishing
niche, it is a wise decision to launch pharmacy
business today. The earlier a business is
launched, the more profitable it will be. Also
Read Scope of PCD Pharma Franchise Business in
India How to Start Pharmaceutical Manufacturing
Unit in India? 
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