The authors explore the background and major factors that have promoted the growth of Pharmaceutical industry in India. Government policy and globalization strategy have played critical roles in positioning India as a pharmaceutical powerhouse. China, facing similar challenges and opportunities in the global economy, could draw valuable lessons from India’s growth story. There are also synergy and strategic fit between the two emerging economy in the pharmaceutical industry. Key words: China; India; Intellectual Property Rights (IPR); Pharmaceutical industry; MNE
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