Growth in Indian pharma exports revives in the third quarter

Value of shipments rose 5.6% to $4,357 mn; H2 export numbers likely to offset first half decline

Indian pharma exports have increased 5.6 per cent to $4,357 million during October-December period in this financial year over the same quarter previous fiscal, as per the Pharmaceuticals Export Promotion Council (Pharmexcil) data.

The pharma body, which works under the Union Commerce Ministry, expects the rise in exports in the second half of this year to more than compensate for a marginal decline in the exports during April-October period.

Indian pharma exports were up 9.7 per cent, at $16.89 billion in the last financial year. The January-March quarter is likely to add further momentum to the export growth seen in the