Pharma exports likely to touch all-time high of $27 bn in FY23 riding on EU

Better figure expected despite global headwinds; India has so far exported pharma products worth $16.57 bn during April-November this year

India’s pharma exports are likely to touch an all-time high of $27 billion in FY23, felt a senior official of the Pharmaceutical Exports Promotion Council (Pharmexcil).

In FY22 India had exported pharmaceutical products worth $24.62 billion. So far, India has exported pharma products worth $16.57 bn during April-November this year.

Exports have grown by 4.3 per cent so far this year, over the same period (April to November) in FY22. However, in November, there was a sharp rise in exports of 12 per cent over November last year. On a month-on-month basis too, exports have grown 5.4 per cent. (see