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5) Changes in various policies related to trade and entry of multinational companies in the Indian pharmaceutical industry were initiated in the early 1970s. However, the pace of growth of this industry has shown a remarkable upswing only after 1991, and particularly after 2005. Critically examine which factors have been responsible for this growth.

Topicfactors responsible for the location of primary, secondary, and tertiary sector industries in
various parts of the world and India (Also part of paper-3:  bio-technology and issues relating to intellectual property rights)

5) Changes in various policies related to trade and entry of multinational companies in the Indian pharmaceutical industry were initiated in the early 1970s. However, the pace of growth of this industry has shown a remarkable upswing only after 1991, and particularly after 2005. Critically examine which factors have been responsible for this growth. (200 Words)

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