PHARMA EXPORTS

India's pharma exports rise 10% to USD 27.9 bn in FY24

Experts have said that India's pharmaceutical business may exceed USD 130 billion by 2030, supported by expanding market opportunities and heightened demand in the overseas markets. The business stood at over USD 50 billion for the 2022-23.

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Economic Survey: FDI in pharma sector shot up by 200% in 2020-21

The Indian Pharmaceutical industry ranks third in the world in pharmaceutical production by volume.
US sales of Gujarat pharma firms slump

Torrent Pharmaceuticals Ltd’s US sales dipped by 30% to Rs 269 crore in the Jan-March quarter over the same period last fiscal, while Vadodara-headquartered Alembic Pharmaceuticals Limited’s revenues from the US plummeted by 18% to Rs 475 crore.
Indian pharma exports grow at 18 percent to 24.44 bn in FY 21

Growth rate seems relatively big as the exports of March 2020 were crunched due to lockdown across the world and supply chain disruption.
Pharma exports achieve 15% growth, will hit $25 bn mark

Standing apart from all other sectors during Covid-19, pharma exports in India witnessed 15.3% so far in the financial year 2020-21 so far. According to the Pharmaceuticals Export Council of India (Pharmexcil), pharma exports are expected to touch $25 billion mark. Pharma exports recorded growth of 11.5% in November.
Entire world looking at India for affordability, volume of Covid vaccine: Ravi Uday Bhaskar

Speaking on the Covid vaccine developments, Bhaskar stated, "I'm optimistic that as far as the market reports and international journals are concerned, we are going to have a Covid vaccine in the coming two, three months.”
Centre to push pharma exports to China

The Centre is committed to promoting pharmaceuticals exports to China, and other untapped markets, Union Commerce & Industry Ministry Suresh Prabhu said on Wednesday.
Over Rs 17,000 cr pharma exports defy doomsday predictions

As per figures for financial year 2016-17, pharma exports stood at Rs 17,744 crore, which is 44% of the total merchandise exports from the state.
'Pharma exports declined by 4% up to Aug on pricing pressure'

Till July, pharma exports registered minus 7.9 per cent growth.
Gujarat's Pharma cos' African safari turns sour, exports decline

Gujarat's pharma exports to African has declined by 40% in past six months. The state exports drugs worth Rs 8,000 crore annually to Africa.