Pharma exports rose 2% to over $31 billion in FY26 despite sharp decline in March
The Hindu·2h ago·Neutral
What Happened
India's pharmaceutical exports rose 2% year-on-year to $31.11 billion in FY26, setting a new record and exceeding FY25's $30.47 billion. However, March witnessed a sharp 23% decline attributed to West Asia conflict disruptions. U.S. market shipments remained significant throughout the fiscal year.
Key Entities
IndiaPharmaceutical Exports$31.11 billionFY26United States MarketWest Asia conflict