Pharmaceuticals Sectoral Report 2020

The Pharmaceutical sector has experienced an unprecedented boom in the Indian context, and has ballooned to a $ 31 billion behemoth. This can largely be attributed to the advancements in medical infrastructure, rising disposable incomes, and ushering in of new entrants with unique business models as well as backed by government initiatives.  India has now become the fastest growing pharma market with an expected CAGR of 19% by 2020 as it produces nearly 10% of the global demand by volume.

Upon surveying hundreds of Business and Talent leaders through primary survey and exhaustive conversations, we have prepared a comprehensive report to help you flourish in the constantly changing environment.

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Recovery and uptick in hiring

The Pharma industry has faced many challenges in the last few years. Not only did they face a stoppage of production during the pandemic, but the sector also experienced structural headwinds. However, the sector is seeing recovery and an uptick in hiring.

Sneak Peak

Pharma Sector’s hiring intent: 50% Positive

Employers are seeking to fill 58% of pharma positions with candidates in the 1-5 years’ work experience bracket, and allied higher education degrees are also preferred.

top skills in demand

Increasing export and stronger collaboration between academia and industry has enabled India to shine on the world stage with respect to the pharmaceutical industry.

  • Robotics & Automation

  • Artificial Intelligence

  • Research & Development

  • Internet of Things (IOT)

Leaders Speak

Ajay Bhatt

President - Global Human Resources

Healthcare industry globally is undergoing a massive transformation in terms of technology, access, governance, therapy, and commercial considerations.

Intas Pharmaceuticals Ltd

Archana Bhaskar

CHRO and Head Corporate Communications

As patients expect more wellness solutions beyond medicines such as services, devices and apps, the industry will have to adapt to deal with multiple channels and put patient at the front and centre of all work.

Dr Reddy's Laboratories Ltd

Udayan Dutt

Global Human Resources Director

With the fast adoption and build out of technology in our country, e-commerce would be set to grow, not as another channel but another eco-system where business would prosper.

Reckitt Benckiser

Key Contributors

Ajay Bhatt

President - Global Human Resources

Archana Bhaskar

CHRO and Head Corporate Communications

Prashant Parashar

President - Human Resources

Udayan Dutt

Global Human Resources Director

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