Pharmaceutical exports have raced past the $11-billion mark in the first 7 months of this fiscal. Exports stood at $17.27 billion in FY18. A crucial component of foreign trade, pharma exports in April-October period were about $1.1 billion higher compared to the year earlier period. The $17.27 billion achieved in 2017-18 remains the highest and came despite an 8% contraction in the U.S. In FY17, exports were $16.78 billion. About a third of India’s pharma exports are to the U.S. Europe, with about 15% and Africa at 17% are the other major export markets.

(The Hindu)