Indian pharma exports rise by 4.22% to $14.57 billion during April-Oct in current fiscal

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HYDERABAD: Pharmaceutical exports from India registered a growth of 4.22% to reach $14.57 billion during the April-October period despite a negative trend last month, according to a senior official of an export promotion body under Government of India.
Udaya Bhaskar, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil) which is an organisation under the Ministry of Commerce, said he was hopeful of ending the current fiscal at around $27 billion as against $24.62 billion during the last financial year.
“There was a dip (-0.32 per cent) in July and (-5.45 per cent) and there was 8.47 per cent positive growth in September. I am optimistic that it will be revived in the coming months and may touch $27 billion at the end of the fiscal,” Bhaskar told PTI.
During the same period last fiscal, the exports fetched $13.98 billion.
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