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India's medicine, antibiotics exports gaining share in US, Italian markets: Govt
![Indias medicine, antibiotics exports gaining share in US, Italian markets: Govt Indias medicine, antibiotics exports gaining share in US, Italian markets: Govt](https://medicaldialogues.in/h-upload/2023/04/28/750x450_208477-antibiotics.webp)
New Delhi: As the government emphasizes enhancing domestic pharmaceutical manufacturing, India's exports of medicines and antibiotics have begun capturing a substantial share of the U.S. market. Commerce ministry data reveals that India is the third-largest source of 'medicine put up for retail sale' for the U.S. The top two are Ireland and Switzerland.
In 2023, the country exported these medicines valued at USD 9 billion up from 7.33 billion in 2022.
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The second biggest exporter Switzerland also saw its share decline to 13.7 per cent last year from 17.4 per cent in 2022.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751