Pharma Exports Surge: India’s $31B Growth Story

Pharma exports to grow at a faster clip, touch $31 billion in FY25

 


India's pharmaceutical exports are poised for remarkable growth, with expectations to surpass $31 billion in FY25. This surge is driven by several factors, notably a shortage of drugs in the crucial U.S. market. The Pharmaceuticals Export Promotion Council of India predicts an 11% growth rate for the industry. In the fiscal year ending March 2024, pharma exports reached $27.8 billion, despite global challenges. Over 50% of these exports were to highly regulated markets in North America and Europe. The Indian pharmaceutical industry's commitment to quality and affordability positions it for continued success.

 

 

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https://www.thehindu.com/business/Industry/pharma-exports-to-grow-at-a-faster-clip-touch-31-bn-in-fy25/article68233592.ece

 

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