India's Pharma Exports Surge by 9.4% Amid Global Expansion Efforts
India's pharmaceutical exports reached USD 30.47 billion in the 2024-25 fiscal year, marking a 9.4% increase from the previous year. The country's strong manufacturing base and expanding global reach, with a significant share going to the US and Europe, are key factors driving this growth. As the third largest pharmaceutical producer by volume, India is poised to double its domestic market size to USD 130 billion by 2030. Strategies to tackle regulatory challenges and enhance trade agreements are central to India's plans to boost exports further, strengthening its standing as a reliable supplier of quality medicines globally.
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