Research on the Various Pathways for Underdeveloped Countries to Get out of Poverty

Abstract

India has fake medicine industries, which saved millions of patients. The labor power is cheap, and it is one of underdeveloped countries. The huge scale of the fake medicine industry attracts a huge amount of consumers to buy their product. Then fewer people are willing to buy genuine medicine due to the higher price than the fake one, which will lead to the decline of the interest of the formal pharmaceutical industry and the deterioration of the economic situation, which has stalled the development of the national medical level. In this work, it discussed about the current situation and the past few years. Whats more, it also mentioned the advantages and difficulties of improving the medical system and educational system. These two fields are two main aspects: the healthcare system and the educational system. Analysing the positive and negative impact of counterfeit drugs and lack of education resources on the economic situation, and the benefits and disadvantages for individual, society, and the country. The conclusion is that the Indian government should improve the healthcare system, crack down on the fake medicines industry, guide people to buy genuine medicines, and give a boost to the educational system. When the awareness of people improves, they have the ability to distinguish the genuine and fake medicines, that they should pay for. They can earn money by themselves, and their living standard grows. As a result, the business is also closely related to the education. The local business can provide job opportunities for graduates. This forms a virtuous circle, which will boost the country.