Franchising and India: 

Franchising is a system for expanding a business and an opportunity to operate a business under a recognized name. In India alone, recent studies suggest that average household incomes will triple over the next couple of decades.  This will make India the world’s 5th largest consumer economy by 2025, up from its current 12th position.  In 2005, private spending reached to nearly $372 billion, accounting for over 60 percent of India’s GDP. The aggregate consumer spending could more than quadruple in future years, reaching about $1.78 trillion by 2025 and so the market in India is ripe for a franchising boom.  The success stories  of  international franchise brands like Pizza Hut, Dominos, KFC, McDonald’s,  Subway and Holiday Inn, to name a few  have sent positive signals to other American brands and many major international franchisors to actively look at India for their expansion.

Clinical trials outsourcing is now a major business in India. So with this arises the need of skilled regulatory professionals in India. This is one of the many alternative careers for  students in India studying science, business or law. Regulatory Affairs professionals in the pharmaceutical, biologics and medical devices industries usually have responsibility, ensuring that their companies comply with all  the regulations and laws pertaining to their business. Regulatory affairs specialists work with federal, state, and international regulatory agencies and personnel on specific issues affecting their business. Regulatory Affairs professionals  advise their companies on the regulatory aspects and climate that would affect proposed activities, i.e. describing the “regulatory climate” around issues such as the promotion of prescription drugs. Regulatory Affairs professionals come from a variety of disciplines such as law, academic, industrial research, and medicine. Regulatory Affairs is a promising field for students searching for alternative careers because it offers a multitude of starting jobs and opportunities for advancement. In order to excel in regulatory affairs, it is necessary to be knowledgeable about the latest scientific developments and discoveries, as well as about the current regulatory laws and policies.