Blitz Bureau
NEW DELHI: India’s pharmaceutical exports grew by 9.4 per cent in 2024–25 to reach $30.47 billion, and the industry is now preparing to achieve double-digit growth in 2026–27 with strong government support, the Ministry of Commerce and Industry said on February 22. The interaction, organised on the theme “Scaling up Pharma Exports,” reflected the government’s focus on expanding India’s global footprint in medicines through closer coordination with industry and regulators.
The initiative is being carried forward under the guidance of Prime Minister Narendra Modi.
India’s pharmaceutical sector, currently valued at around $60 billion, is projected to grow to $130 billion by 2030, the ministry said. The country ranks third globally in terms of volume of medicines produced and exports its pharmaceutical products to more than 200 countries.
Over 60 per cent of these exports go to highly regulated markets. The United States accounts for 34 per cent of India’s pharmaceutical exports, while Europe contributes 19 per cent. In a video message, the Commerce Secretary emphasised the need for regular engagement with exporters and manufacturers, along with timely responses to challenges in regulated markets.
He reiterated the Prime Minister’s vision of strengthening India’s position as a trusted global trade partner and ensuring that affordable, high-quality medicines from India continue to reach people across the world. The inaugural session saw participation from the Department of Commerce, the Directorate General of Foreign Trade (DGFT), the Central Drugs Standard Control Organisation (CDSCO), and the Food and Drugs Control Administration, along with industry representatives.
