India’s pharmaceutical exports grew 10.5 per cent, year-on-year, to $1.26 billion in April, according to Commerce Ministry data. “This year we are expecting a healthy rate of growth in pharma exports.
Regions like Africa will help in enhancing exports,” said an official. Pharma exports registered slowest growth in at least 15 years at 1.2 per cent to $14.84 billion in the 2013-14 fiscal amid growing tension with the US over intellectual property rights related issues.
“2013-14 has seen slowdown in growth because of the US raising concerns and due to increase in global competition,” said PV Appaji, Executive Director, Pharmaceuticals Export Promotion Council (Pharmexcil).