Indian pharma exports strong at USD 4.9 billion in April-May: Pharmexcil
New Delhi: Indian pharma exports stood strong at USD 4.9 billion in April-May FY26, as per the Pharmaceuticals Export Promotion Council of India (Pharmexcil).
This marks a 7.38% increase compared to the same period last year, underscoring the industry’s growing global footprint. Pharmexcil, which operates under the Ministry of Commerce and Industry, is an authorised export promotion agency.
This growth is due to "strategic initiatives focused on sustainable manufacturing, expanded global market presence, and digital innovation,” Pharmexcil noted, adding that the efforts may bolster India's ambitious goal of achieving a trillion-dollar trade target for its pharma industry.
"India's pharmaceutical exports continue to demonstrate a steady year-over-year growth, with drug formulations and biologicals continuing to dominate the export category," Namit Joshi, chairman of Pharmexcil, was quoted as saying in a media report.
"We attribute this growth to rising global demand, streamlined regulatory approvals, technological innovations, strategic partnerships, and economic stability,” Joshi added.
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