How does intention even matter ? Even if it is political and if the industry is export driven, any such action means a significant headwind for the firms. From investment perspective, this could be a big drag.
However, even with intention, it is being done by almost every nation. Nothing to do with US or West. India is also protective about a lot of industries. And, every country is within their rights to define the quality check. Indian pharma is a shining example of how the industry has grown in generics in US even though its such a highly regulated place.
| Subscribe To Our Free Newsletter |
