Business Standard

Gambia death fallout: Pharma exports to African market slipped 5% in FY23

Medicines put up for retail sales led the decline in exports

pharmacy, drugs, medicine, pharma companies, pharmaceuticals, vaccine, coronavirus, covid, testing
Premium

Asit Ranjan MishraSohini Das New Delhi/Mumbai

Listen to This Article

India’s pharmaceutical exports to the African market dipped 5 per cent in FY23, at a time the quality of Indian drugs exported to African countries, such as Gambia, has come under scrutiny.

Africa continent contributed 18 per cent of the total $19.9 billion exports of finished pharma products, excluding active pharmaceutical ingredients (APIs), in FY23, according to the Commerce department data. While pharma exports to South Africa (7.6 per cent), Kenya (6 per cent), and Tanzania (1.1 per cent) increased, such exports to Nigeria (-13.5 per cent), Ethiopia (-1.4 per cent), Uganda (-22.7 per cent), and Ghana (-17.4 per cent)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in