Future Prospects in the Wake of COVID-19 for Indian MSMEs Pharmaceutical Sector

Abstract

The paper analyses the current scenario of the Pharmaceutical Sector in Indian MSMEs after Covid-19. The sector has a presence at a global level having 20-22% of global export volume and it is already a world leader in cost-cutting. The industry has the ability to contribute towards economic growth by leveraging business in and around the boundaries of the country. To know the competitiveness of the industry in the present scenario, the paper analyses the previous pattern based on secondary data from reliable sources. The paper also aims to predict the future prospects of the industry having a large base of manufacturing and export.