witnessed over 18 per cent growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20, Pharmaceuticals Export Promotion Council of India (Pharmexcil) said on Saturday. We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion), Udaya Bhaskar, Director General of Pharmexcil said in a release. Growth rate seems relatively big as the exports of March 2020 was crunched due to lockdown across the world and supply chain disruption, he was quoted as saying.
Updated:
April 17, 2021 13:39 IST
At $24.4 billion, best performance and came even as global pharma market growth in 2020 declined
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The growth trend is expected to continue owing to the increased demand for generics and vaccines from the country. File
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At $24.4 billion, best performance and came even as global pharma market growth in 2020 declined India’s pharmaceutical exports grew 18.70% to $24.44 billion in the financial year ended March 31, 2021.
Best performance thus far, in value terms, it came even as the global pharma market growth declined by 1-2% in 2020. Making it happen was a surge in demand for made in India generics owing to their quality and affordability, Pharmaceuticals Export Promotion Council of India Director General Ravi Udaya Bhaskar said.
Indian pharma exports grow at 18% to 24.44 billion in FY 21 despite COVID-19
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Pharma exports from India witnessed over 18 per cent growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20, Pharmaceuticals Export Promotion Council of India (Pharmexcil) said on Saturday. We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion), Udaya Bhaskar, Director General of Pharmexcil said in a release.
Indian pharma exports touch record $24.44 bn in pandemic year; see 18.07% growth
North America is the largest exporting region for India with more than 34 per cent share. Country wise exports to USA, Canada and Mexico recorded growth of 12.6 per cent, 30 per cent and 21.4 per cent respectively
Joe C Mathew | April 17, 2021 | Updated 16:18 IST
Pharma exports see 18.07% growth
Indian pharmaceutical exports have registered a record growth in the pandemic year (2020-21), bucking the global trend of 1-2 per cent negative growth in 2020.
As per the quick estimates of the Department of Commerce, drugs and pharmaceutical exports for the FY-21 (Apr 2020 - Mar 2021) touched $24.44 billion, a record growth of 18.07 per cent. Exports during FY 2020 was $20.58 billion with growth rate of 7.57 per cent.