India's Pharma Exports Soar, US & Russia Drive Growth

Indian Economic Updates : India's Pharma Exports Soar, US & Russia Drive Growth

India’s pharma sector has achieved 99% of its export target before FY25, driven by strong growth in drug formulations and surgical businesses. According to government data, drug formulations and biologicals account for 75% of total exports, growing 11%. Bulk drugs saw volume growth but declined in value due to lower API prices from China. Vaccine exports fell 9% post-COVID, while Ayush and herbal products grew 13%. The US market surged, with exports projected to reach $10 billion by March. European growth remained stagnant, except for the UK (22%) and Germany (6%). Africa’s market declined 3% but may recover with stability. Russia, facing supply shortages, presents a 15% growth opportunity due to the ongoing war.

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Видео India's Pharma Exports Soar, US & Russia Drive Growth канала Indian Economic Updates