Daily GS Answer Writing 16.12.2020

Question

Pharmaceutical sector has seen an exponential surge in FDI coming in the recent weeks. Even then Indian pharmaceutical sector has not reached its full potential. Discuss the challenges and reforms necessary for the rejuvenated performance of pharmaceutical sector?

Reference
https://www.thehindubusinessline.com/opinion/india-can-become-the-pharmacy-of-the-world/article31516558.ece

Structure of the answer

  • Give a short background on the recent surge in FDI.
  • Point out the challenges which pulls back Pharmaceutical sector from achieving its full potential
  • Mention the reforms necessary for the rejuvenation.
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