Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices
The exports grew to $17.57 billion, Parliament was informed on Friday
Rise in both exports and imports signals recovery is strengthening: Experts
Trade deficit at 25-month high as imports surge 8% after continuous declines; Data shows industrial activity picking up in December
However, he said that many countries, especially the European Union, are likely to step up production and increase their portfolios in an attempt to reduce import reliability.
For Q3 as a whole, it sees outbound shipment declining by 1.77%
Exports fell sharper at 8.7% in November from 5.1% in October, as demand remained muted in major overseas markets due to Covid-induced lockdowns
Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high
The global demand scenario for Indian pharmaceutical industry is largely expected to remain stable due to inelastic nature of prescription drugs, investment information agency ICRA has said.
Among manufactured goods, only drugs & pharmaceuticals and plastic and linoleum have shown positive growth
The country ranks as the third-largest pharma market globally by volume and 13 largest by value
Data from market research firm AIOCD-AWACS shows that sales of oseltamivir (common brand Tamiflu), used against the influenza virus and also for swine flu, went up by 35.8 per cent in April
Firm says will apply to Indian pharma authorities to start studies
Pharma industry welcomes decision, but wants govt to consider allowing export of APIs made before March 3
India's list of restricted medicines account for 10 per cent of its total pharmaceutical exports and includes several antibiotics, as well as Paracetamol
India on Monday reported two new cases of the novel coronavirus, including one from the national capital. The outbreak has killed more than 3,000 people globally
April-December exports rise 11.5%; estimates peg FY20 numbers at $22 billion
Despite having good demand from across the markets, primarily due to lower prices and easy availability, India controls only 2.4 per cent of global pharma exports
The US is Indian pharma's largest export market and Indian drugmakers account for a little over 30 per cent of generic drugs sold in that country
Indian pharma exports registered a double-digit growth of 10.17 per cent at $16.89 billion last time in 2015-16