The pharmaceutical industry in India is a burgeoning sector, known for its low-cost generic drugs. However, there are growing concerns about the presence of monopolies within this industry. A few large pharmaceutical companies hold a substantial market share, which can cause inflated prices and hinder consumer choice. This scenario raises questions
India's Pharmaceutical Landscape: Monopolies and Monopoly Power
India has emerged as a global powerhouse in the pharmaceutical sector, renowned for its affordable medications and robust manufacturing capabilities. However, beneath the surface of this success lies a complex landscape marked by concerns regarding monopolies and market dominance. A handful of large pharmaceutical companies have established signifi