India’s pharma exports have increased 138 per cent in April-October 2022-23 compared to the same period of 2013-14 when the country became the pharmacy for the world.
India’s pharma exports witnessed a growth of 138 per cent since April-October 2013-14, from Rs 37,987.68 crores in 2013-14 to Rs 90,324.23 crores in 2021-22. Union Health Minister Mansukh Mandaviya in a tweet attaching an infographic of India’s pharmaceutical exports over these years said India’s medicine exports are heading the world.
“India is Healing The World India’s export of pharma products registered a tremendous growth of 138 per cent in April-October 2022 over the same period in 2013 under PM Narendra Modi ji’s visionary leadership has emerged as a Global Pharma Powerhouse!” Mandaviya said in a tweet.
Prime Minister Narendra Modi in January while addressing the Davos Summit said that India was now a pharmacy to the world and is the third-largest pharma-producer in the world, adding that India saved crores of lives during the Covid-19 pandemic by supplying vaccines and essential medicines to many countries under ‘One Earth One Health’ vision.
“In this time of Corona, we have seen how India following the vision of ‘One Earth, One Health’ is saving crores of lives by giving essential medicines, and vaccines to many countries,” PM Modi had said while delivering the ‘state of the world’ address virtually at the World Economic Forum’s Davos Agenda.
Building on the outstanding performance in the previous FY 2020-21, Indian pharma exports once again registered a healthy performance in 2021-22. The pharma exports in 2021-22 sustained positive growth despite the global trade disruptions and drop in demand for COVID-related medicines.
In May, Indian pharma companies enabled by their price competitiveness and good quality, made a global mark, with 60 per cent of the world’s vaccines and 20 per cent of generic medicines coming from India.
