Pharma exports rose to 11% in 2018-19

CONTEXT:

  • The country’s pharmaceutical exports rose by 11% to USD 19.2 billion in 2018-19, mainly driven by higher demand in regions such as North America and Europe.
  • The pharma exports in 2017-18 stood at USD 17.3 billion and USD 16.7 billion in the previous fiscal.
  • North America constitutes about 30% of Indian pharma exports, followed by Africa and the European Union with 19% and 16% share.
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