According to the Ministry <\/span>of Commerce and Industry, Indian pharma exports witnessed a growth of 103% since 2013-14.<\/span><\/p>\n Pharma Exports: <\/b>Indian pharma exports witnessed a growth of 103% from 2013-14 till 2021-22. This is a remarkable growth with exports growing by almost USD 10 billion in 8 years. Moreover, the <\/span>Pharma trade balance continues to be in India\u2019s<\/b> favour.\u00a0<\/b><\/p>\n Pharmaceutical Production: <\/b>India ranks 3rd worldwide for Pharmaceutical production by volume and 14th by value. The current market size of the Indian pharmaceutical industry is around USD 50 billion.\u00a0<\/span><\/p>\n Moreover. <\/b>Indian pharma companies enabled by their price competitiveness and good quality have made a global mark with 60% of the world\u2019s vaccines and 20% of generic medicines coming from India.\u00a0\u00a0\u00a0<\/span><\/p>\n Share of India\u2019s Pharmaceutical Drugs in Global Exports: <\/b>The share of pharmaceuticals and drugs in our global exports is 5.92%. Formulations and biologicals continue to account for a major share of 73.31% of India’s total exports followed by Bulk drugs and drug intermediates.<\/span><\/p>\n Pharma Export Destinations: <\/b>India\u2019s top 5 pharma export destinations are the USA, UK, South Africa, Russia and Nigeria.<\/span><\/p>\n Around 55 % of our pharma exports from India<\/b> cater to highly regulated markets. For instance, the largest number of FDA approved plants outside the US is in India.<\/span><\/p>\n Source: <\/b>The post is based on the article<\/span> \u201c<\/b>India\u2019s Pharma exports grow by 103% since 2013-14<\/b>\u201d <\/b>published in<\/span> PIB<\/b> on\u00a0<\/span>1st May 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? According to the Ministry of Commerce and Industry, Indian pharma exports witnessed a growth of 103% since 2013-14. About Indian Pharmaceutical Exports Pharma Exports: Indian pharma exports witnessed a growth of 103% from 2013-14 till 2021-22. This is a remarkable growth with exports growing by almost USD 10 billion in 8… Continue reading India\u2019s Pharma exports grow by 103% since 2013-14<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-182318","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704820434},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/182318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=182318"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/182318\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=182318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=182318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=182318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Indian Pharmaceutical Exports<\/b><\/h5>\n