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WTO and its Impact on Indian Pharmaceutical Production:A Legal Perspective


Affiliations
1 Ph.D. Research Scholar, Amity Law School, Amity University Noida, India
2 Professor, Amity Law School, Amity University Noida, India
     

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Pharmaceutical Company and Pharmaceutical production plays a significant role in the economic development of a country. It is even more important for developing country like India which needs to generate employment, achieve higher rate of growth, poverty elevation programs, improve the standard of living of its people and stabilize the price level of healthcare. Role of World Trade Organisation (WTO) is very important for regulation. The WTO was established in 1995 and when compared with the GATT is much wider in scope, with a stronger institutional basis and with treaty status. The main aim of this paper is to analyze the Indian pharmaceutical production performance, pre and post implementation of WTO policies. It is clear that the implementation of WTO policies, Compound Annual Growth Rate (CAGR) of India’s pharmaceutical production has minute effect on it. The topic is of essence as in based on doctrinal study where by different set of data has been gathered from the primary and secondary sources. The research Article is an outcome of research which the research scholar is under taking in pursuance and for conferment of Ph.d Degree.

Keywords

GATT, WTO, Pharmaceutical Production, Compound Annual Growth Rate, Economic Development.
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  • WTO and its Impact on Indian Pharmaceutical Production:A Legal Perspective

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Authors

Nitesh Kumar Srivastava
Ph.D. Research Scholar, Amity Law School, Amity University Noida, India
R. L. Koul
Professor, Amity Law School, Amity University Noida, India
R. L. Koul
Professor, Amity Law School, Amity University Noida, India

Abstract


Pharmaceutical Company and Pharmaceutical production plays a significant role in the economic development of a country. It is even more important for developing country like India which needs to generate employment, achieve higher rate of growth, poverty elevation programs, improve the standard of living of its people and stabilize the price level of healthcare. Role of World Trade Organisation (WTO) is very important for regulation. The WTO was established in 1995 and when compared with the GATT is much wider in scope, with a stronger institutional basis and with treaty status. The main aim of this paper is to analyze the Indian pharmaceutical production performance, pre and post implementation of WTO policies. It is clear that the implementation of WTO policies, Compound Annual Growth Rate (CAGR) of India’s pharmaceutical production has minute effect on it. The topic is of essence as in based on doctrinal study where by different set of data has been gathered from the primary and secondary sources. The research Article is an outcome of research which the research scholar is under taking in pursuance and for conferment of Ph.d Degree.

Keywords


GATT, WTO, Pharmaceutical Production, Compound Annual Growth Rate, Economic Development.



DOI: https://doi.org/10.37506/v11%2Fi1%2F2020%2Fijphrd%2F193828