Some Major Aspects Of Covid -19 Pandemic On Pharmaceutical Industry

Abstract

COVID -19 has led to unprecedented effects all over the world after the virus has badly effects the first time Wuhan China. It has effects the economics and social lives of the people of India and different sectors of the economy. People suffered from losses decreased sales, losing jobs and also lost their dear ones due to this pandemic disease. As per the different industrial sectors pharmaceutical sector of India has its own importance due to the utility of its product of medicines, equipment and surgery. During the pandemic of COVID -19 pharmaceutical industry has contributed its efforts in the development of research and innovation in terms of treatment, different tests for diagnosis, immunity ingest vaccines given to large number of people after enlarge the production capacity of the pharmaceutical industry. Pharmaceutical sectors of India have its contribution in the overall development of the economy by providing ample job opportunities, earning foreign exchange in International market. The performance of selected pharmaceutical industry before and during the Covid -19 pandemic is compared. Simple statistical methods like percentage and average are used the findings reveal that Covid -19 has more positive impact on the Pharmaceutical industry in terms of innovation, production capacity, self-reliant and bulk sales in the market.