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Pharmaceutical Exports from India

Last Updated: June, 2020

Introduction

 

The Indian pharmaceuticals market is the third largest in terms of volume and the 13th largest in terms of value. It has established itself as a global manufacturing and a research hub. A large raw material base and the availability of skilled workforce gives the industry a definite competitive advantage. The Indian pharmaceutical industry is expected to grow at a compound annual growth rate (CAGR) of 22.4 per cent to touch US$ 55 billion by 2020.

The Indian pharmaceuticals market is dominated by generic drugs which constitute nearly 70 per cent of the market, whereas over the counter (OTC) medicines and patented drugs make up to 21 per cent and 9 per cent, respectively.

India plans to set up a nearly Rs 1 lakh crore (US$ 1.3 billion) fund to boost companies to manufacture pharmaceutical ingredients domestically by 2023.

Export and Advantage India

  • Pharmaceuticals* export from India stood at US$ 20.70 billion in 2019-20.
  • India is expected to rank among the top three pharmaceutical markets in terms of incremental growth by 2020.
  • India is the largest supplier of generic medicines globally (20 to 22 per cent of the global export volume)
  • India has one of the lowest manufacturing costs in the world. It is lower than that of USA and almost half of Europe.

Pharmaceutical Export Promotion Council

The Pharmaceutical Export Promotion Council (PHARMEXCIL) was established in 2004 by the Ministry of Commerce and Industry, Government of India, to promote pharma export.

Note: * - Includes Bulk Drugs, Drug Intermediates, Drug formulations, Biologicals, Ayush and Herbal Products and Surgicals

Pharmaceutical exports from India stood at 13.69 billion in FY20 (till January 2020).

Source:
Directorate General of Commercial Intelligence and Statistics (DGCIS)

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Pharmexcil

101, Aditya Trade Centre
Ameerpet
Hyderabad - 500038
Andhra Pradesh
India

Tel.:+91-40-23735462/66
Fax: +91-40-23735464
Email: info@pharmexcil.com
Website: www.pharmexcil.com

Pharmaceutical exports from India stood at 13.69 billion in FY20 (till January 2020).

Source:
Directorate General of Commercial Intelligence and Statistics (DGCIS)

Exports

Pharmaceutical