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One of the most revolutionary steps in the evolution of manufacturing has been the emergence of sophisticated supply chains. To understand them, first imagine how a person or a firm could create a new product by gathering raw materials and making all the parts themselves. Then imagine how pieces of that process are picked up by others who specialize in various ingredients that go into creating the finished products, such as raw materials providers, tools makers, and (eventually) component manufacturers who create standardized subsets of a product that can be assembled by multiple downstream firms to produce different end products

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India’s healthcare sector has had a difficult two-year period. The BSE Healthcare Index, which primarily consists of generic drug manufacturers (70 constituents, 62 are pharma companies), has declined by 19% over the past two years, softened by a 10% recovery since early August

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