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Impact of the Russian Invasion of Ukraine on the Indian Pharmaceutical Sector
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Author(s): Rajesh Tiwari (Graphic Era University, India), Vivek Verma (Graphic Era University, India), Vibhuti Jain (Graphic Era University, India)and Vanshika Kakkar (Graphic Era University, India)
Copyright: 2025
Pages: 14
Source title:
Driving Global Health and Sustainable Development Goals With Smart Technology
Source Author(s)/Editor(s): Mohit Kukreti (University of Technology and Applied Sceinces, Oman), Sabina Sehajpal (Chandigarh University, India), Rajesh Tiwari (Graphic Era University, India)and Kiran Sood (Chitkara University, India)
DOI: 10.4018/979-8-3373-0240-9.ch024
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Abstract
India is the largest supplier of generic drugs in the world. India is the third largest by volume and fourteenth most significant in terms of the value of production of pharma products globally. The study examines the war's impact on the Indian pharmaceutical sector. The pharma stock data is obtained from the National Stock Exchange (NSE) India website. The war between Russia and Ukraine had no significant impact on the returns of Indian pharma stocks. India has a diversified pharmaceutical sector. Though Russia Ukraine had no significant impact on Indian pharmaceutical sector. It has opened up an opportunity for the Indian pharma firms to leverage good diplomatic relations and expand its operations in both Russia and Ukraine by building production centres in both countries. The diversification enhances the diversity in market operations for Indian firms and provides both Russia and Ukraine with a trusted neutral supplier.
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