Pharma Exports from India in Response to Global Demand
25/06/2024 Other Services
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Description
Indian medicines are highly sought after in various foreign countries, including the USA, UK, and Russia. India ranks as the third-largest exporter of pharmaceutical products overall and the leading exporter of generic medicines worldwide. Research indicates that in 2021, pharma exports from India saw an 18.7% increase, reaching a value of approximately 24.44 billion dollars.
The ongoing COVID-19 pandemic has significantly boosted the demand for certain drugs. India plays a crucial role in supplying antipyretics, antibiotics, antivirals, and other essential medicines, which are currently in high demand globally.
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