India's pharma exports touch Rs 1.8 trillion in FY22, flat over FY21

India ranks third worldwide for production in terms of volume and 14th by value, says commerce ministry.

India’s pharma exports touched Rs 1.8 trillion in fiscal 2022, said the commerce ministry, marking flat growth compared to last fiscal.

In the pandemic year of 2020-21, pharma exports had grown by 18 percent to $24.4 bn (roughly Rs 1.8 lakh crore at current exchange rates).

The Ministry said compared to 2013-14, pharma exports from the country have doubled. India had exported Rs 90,415 crore worth of pharma products in FY14.

"Indian pharma companies enabled by their price competitiveness and good quality have made a global mark, with 60 percent of the world's vaccines and 20 percent of generic medicines coming from India,"