Indian pharma exports hit $19.14 bn, report double-digit growth after 3 yrs

Pharmaceutical Export Promotion Council (Pharmexcil)'s year-end report has pegged the total pharma exports from India at $19.14 billion for 2018-19 with a growth of 10.72 per cent over $17.28 billion in pharma exports last year.

The double-digit growth has returned to pharma exports after three years of flat-to-marginal export growth, driven by formulations exports to North America among other destinations, according to the report.

Indian pharma exports registered a double digit growth of 10.17 per cent at $16.89 billion last time in 2015-16.

Giving a performance break-up of individual categories within the pharma segment, the Union Commerce Ministry's nodal agency