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Although the Indian pharmaceutical industry has emerged as the third global producer in the generic medicine manufacturing, many regulations are still archaic. Elaborate on the reforms needed in the pharmaceutical industry to meet the present-day needs.

 

9. Although the Indian pharmaceutical industry has emerged as the third global producer in the generic medicine manufacturing, many regulations are still archaic. Elaborate on the reforms needed in the pharmaceutical industry to meet the present-day needs. (15 marks, 250 words)

Reference: Live Mint