India's Pharmaceutical Exports Approach $29 Billion Amid Global Challenges
India’s pharma exports stay resilient amid global headwinds, near $29 billion mark
The Economic Times
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India's pharmaceutical exports are nearing $29 billion for the financial year, showing a 5.6% growth compared to the previous year. Despite global market volatility, the sector remains resilient, driven by high-value products like formulations and vaccines, with expectations to double in size by 2030.
- 01Pharmaceutical exports reached $28.29 billion from April to February FY26.
- 02The sector registered a growth of 5.6% compared to the same period in FY25.
- 03India's pharmaceutical industry is valued at around $60 billion and is projected to reach $130 billion by 2030.
- 04High-value segments such as formulations and vaccines are key drivers of growth.
- 05Export performance remains strong despite global pricing pressures and trade uncertainties.
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India's pharmaceutical exports are poised to reach nearly $29 billion by the end of the financial year, with a reported 5.6% growth from the previous year. K Raja Bhanu, Director General of the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL), highlighted that despite global market volatility, the sector has shown resilience. Exports during the April-February FY26 period amounted to $28.29 billion, primarily driven by high-value segments such as formulations, biologicals, vaccines, and Ayush products. The pharmaceutical industry, currently valued at $60 billion, is expected to more than double to $130 billion by 2030, indicating strong long-term growth prospects. The robust export performance is noteworthy given the pricing pressures and trade uncertainties faced globally, with shipments increasing to $30.47 billion in FY 2024-25, a 9.4% year-on-year increase.
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The growth in pharmaceutical exports indicates a strong demand for Indian medicines globally, which could lead to increased employment and investment in the sector.
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