[ad_1]
India’s federal ministry of commerce and industry said on Sunday
pharma exports grew by 103 percent since 2013-14, Trend reports citing
Xinhua.
“Indian pharma exports witnessed a growth of 103 percent since
2013-14, from INR 90,415 Crores (11.8 billion U.S. dollars) in
2013-14 to INR 183,422 Crores (23.9 billion dollars) in 2021-22,” a
statement issued by the ministry said.
“The exports achieved in 2021-22 is the pharma sector’s best
export performance ever. It is a remarkable growth with exports
growing by almost 10 billion U.S. dollars in eight years,” it
said.
According to the ministry, the pharma exports in 2021-22
sustained a positive growth despite the global trade disruptions
and drop in demand for COVID-19 related medicines.
The share of pharmaceuticals and drugs in India’s global exports
is 5.92 percent.
India’s top five pharma export destinations are the United
States, Britain, South Africa, Russia and Nigeria.
[ad_2]
Source link