ECONOMIC GROWTH AND SURVEY: SPOTLIGHTING ON PHARMACEUTICAL SCIENCES

M. S. N. Sandhya*, Prashanthi Gali and Bheema Naik Angothu

Research and Innovation drive economic growth by fostering the development of new industrial, technologies, and products. It helps in new business establishment, attracting investments, generating employment opportunities, and enhancing productivity. In recent years R&D are rapidly increasing in various areas like advancements in Healthcare, Technology, Communication, Transportation, Education, Agriculture, Business, Entertainment industries, etc. Innovation is one of a driving force for a long term economic growth of country. Indian economy is one of the fastest growing economies in world. Innovation is very important to achieve long-term sustainable growth. The main aim of this paper is to analysis the role of R&D in the economic growth of India. Research and innovation helps the development of environmentally friendly technologies, promoting resource efficiency, and addressing climate change challenges. By investing in Research and Innovation, India can move towards a more sustainable and resilient future, ensuring long-term development and reducing negative environmental impacts. The GDP is the measurement of a countries economic growth. To increase the GDP, there are two ways: 1) Increase in investment on research and development 2) increase in patenting. After COVID -19 pharmaceutical sciences has gained importance, this article includes research work related to pharmacy field also. Pharmaceutical sciences combine a broad range of scientistfic disciplines that are involved with the design, action, delivery, disposition and use of drugs. This field draws on numerous regions of the essential and connected sciences, for example, science, science, the study of disease transmission, measurements, chemo metrics, arithmetic, material science and compound building and applies their standards to the investigation of medications.