Today pharmacovigilance is an emerging discipline within the pharmaceutical industry which is recognized as the core of Drug Development process and plays a vital role throughout the life span of a drug . Pharmacovigilance in India is gaining momentum within the arena of Research and Development. India has emerged as a preferred destination for outsourcing clinical trials. With the increasing clinical research and development by the Indian Pharmaceutical companies, the need for Good Pharmacovigilance Practices has increased tremendously over recent years.