India’s Pharma exports grow by 103% since 2013-14

Tags: National Economy/Finance

Indian pharma exports witnessed a growth of 103% since 2013-14, from Rs 90,415 crore in 2013-14 to Rs 1,83,422 crore in 2021-22.

• The exports achieved in 2021-22 is the best ever export performance of the pharma sector.

• This is a remarkable increase with exports increasing by about US$ 10 billion in 8 years.

• The trade balance remains in India's favour with a surplus of USD 15175.81 million.

• India’s Pharma industry

• India is the world's third-largest pharmaceutical producer.

• Indian pharma companies have made India a global mark with 60% of the world's vaccines and 20% of generic drugs.

• The share of the drug in India's global exports is 5.92 percent.

• Currently, more than 80% of the antiretroviral drugs used globally to combat AIDS (Acquired Immune Deficiency Syndrome) are supplied by Indian pharmaceutical companies.

• It contributes 1.5% to the Indian GDP.

• India's top five pharma export destinations are the US, UK, South Africa, Russia and Nigeria.

• The pharmaceutical industry in India offers 60,000 generic brands across 60 therapeutic categories.