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Pharmaceutical Jobs in Mumbai

India’s pharmaceutical industry is one of the fastest growing in the country, valued at US$ 40 billion at present, and is expected to be worth US$ 55 billion by the year 2020. Growing at 7.5% per annum, the industry’s exports fulfill 50% of global demand for vaccines and 20% of that of generic drugs. The industry is also attractive to investors, who regard it as one of the safest prospects in the upcoming decade.

Incomes in India are rising across the board, leaving more disposable income in the hands of customers. Also, health insurance has become cheaper, leading to increased use of medicines. Healthcare and availability of drugs have spread from metros to Tier II and Tier III cities and towns, and many villages now have a private health clinic within a reasonable distance. 

The Indian Government has taken much-needed steps to regulate drug manufacturing in India, which has boosted the credibility of Indian drugs. The cost of production is low here, keeping the final product cost affordable. The United States is the largest export destination for Indian drugs. India also serves the drug requirements of emerging markets in Africa and is competing neck-to-neck with China in this respect. The government has also provided tax incentives to boost domestic production and has allowed one hundred percent Foreign Direct Investment (FDI) in certain projects. It has also launched programs such as the ‘National Health Protection Scheme’ to cover health for poor and vulnerable families, and the ‘Pharmaceutical Vision 2020’ to promote research and development in this sector. The trends point to the pharmaceutical sector growing as an attractive employment destination. Some of the largest pharmaceutical companies in India are – Cipla, Dr. Reddy’s Laboratories, Glenmark, Aurobindo Pharmaceutical, and Divi’s Laboratories.

Land the Right Healthcare Job in Mumbai

Mumbai is the most prosperous city in India and has the best healthcare facilities. Population influx from all over India continues unabated. A reliable healthcare system is thus required to support the growing population. Hospitals and private clinics, along with private individuals demand qualified healthcare professionals. Presently, the demand outstrips the supply. Hence, candidates can choose from well-paying pharma jobs in Mumbai.

In 2016-17, the city offered INR 14.00 lac per annum to a mid-level research analyst, the highest compensation across the country. A senior specialty doctor in the city made INR 29.38 lac per annum while a junior doctor earned INR 5.37 lac per annum. Clearly, healthcare jobs in Mumbai are an attractive prospect.

If you’re looking to land a high-paying healthcare job in Mumbai, choose Randstad for exceptional support and guidance throughout your job search. With more than twenty-five years of experience under its belt and a wide pool of attractive opportunities, Randstad can assist you in identifying the right pharma jobs in Mumbai according to your experience and expertise, helping you secure the job of your dreams.
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