In a relatede Devlopment , the second decade is likely to usher in good news for those vying for jobs in pharmaceutical Industry in India, as hiring in 2011 will continue to remain robust. Interestingly according to a PricewaterhouseCoopers Report titled ‘India Phrma Inc : ‘Capitalising on India’s Growth Potential’, leading pharmaceutical companies in the country have increased their sales forces by about 50 per cent in 2010. The report elaborated that both multinational companies and domestic firms are taking steps towards maximising potential returns from branded generics. Domestic firms are also looking to increase their share of the branded generics market, with some leading pharmaceutical companies adding to their sales forces by 50 per cent during 2010,” it stated. Pharma Sources & insiders claimed that on the whole, hiring in the pharmaceutical Industry has grown by 11-12 per cent this year.This includes personnel for R&D and general management, among other categories. While the organised sector in India has created around 7,39,064 jobs between January to September 2010, and another 3,94,700 jobs are expected to be added in the current quarter, according to a Ma Foi Randstad Employment Trends Survey, the healthcare sector alone has generated 260,052 jobs. The Ma Foi report suggests that the sector has emerged as one of the largest and fastest growing services sectors in the country with an estimated GDP spend of eight per cent by 2012 from 5.5 per cent in 2009. In the healthcare sector, pharmaceuticals has been the leader in hiring experienced staff at 83.7 per cent. It is important here to note that “the trends do suggest that hiring across sectors has picked up substantially in the second half of 2010 with companies estimated to have created over a million jobs in the organised sector.Improved economic conditions coupled with expansion plans across sectors continue to stoke hiring activities, especially in the first half of 2011. Recent projections from Mercer tip Pharma as one of the hottest sectors for 2011 which will pay average hikes in the neighborhood of 13 per cent. This will have deep impact in other sectors as well.
Pharmaleaders is a voice of Global Healthcare Industry. It believes in bringing ground-breaking stories & expose the hidden truths that has rocked so far.