An overview of unorganized retail pharmacy in Indian pharmaceutical industry

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International Journal of Development Research

Volume: 
7
Article ID: 
9564
8 pages
Research Article

An overview of unorganized retail pharmacy in Indian pharmaceutical industry

Mohd Ayub and M. Mustafa

Received 10th May, 2017; Received in revised form 29th June, 2017; Accepted 15th July, 2017; Published online 30th August, 2017

Copyright ©2017, Mohd Ayub and Mustafa. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract: 

Retail pharmacy business practice is very different and noble form of business practice not only in India but across the globe. Retail pharmacy not only contributes business but also to the welfare of humanity and provides significant socio- economic benefits to the society through creation of jobs, supply chains and community development. Today around 90 million unorganized retail pharmacy present at every corner of India is supporting Indian domestic pharmaceutical market .All these is not possible without t the strong base of unorganized retail pharmacy. All India chemist and druggist association (AICOD) is union body of Unorganized pharmacy were on all India strike on 14th Oct ,23rd Nov in 2016 and again on 27th may 2017 due to emerging challenges. Purpose of this study is to identify emerging challenge of unorganized retail pharmacy and its contribution to current Indian pharmaceutical industry.

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