​​​
  1. India maintains its supremacy over China in pharmaceutical exports

India maintains its supremacy over China in pharmaceutical exports

India has continued to maintain its lead over China in pharmaceutical exports, according to the latest release from the Ministry of Commerce & Industry.

By: | New Delhi | Published: July 5, 2016 1:08 PM
India’s pharma exports grew from .66 billion to .54 billion in 2015 recording a growth of 7.55%. (Reuters) India’s pharma exports grew from .66 billion to .54 billion in 2015 recording a growth of 7.55%. (Reuters)

India has continued to maintain its lead over China in pharmaceutical exports, according to the latest release from the Ministry of Commerce & Industry.

India’s pharma exports grew from $11.66 billion to $12.54 billion in 2015 recording a growth of 7.55%. Meanwhile, China increased its exports of pharma products from $6.59 billion to $6.94 billion exhibiting growth of 5.3% during the same period.

According to Ministry of Commerce & Industry, India moved ahead of China in all important markets such as US, European Union and Africa.

“India’s exports of pharma products to US jumped from $3.84 billion to $4.74 billion, a growth of 23.4% as against China’s pharma exports to US which moved from $1.16 billion to $1.34 billion in the same period showing a growth of 15%,” the release said.

“India maintained its lead with growth in EU and Africa recording exports of $1.5 billion and $3.04 billion respectively while China’s exports to EU & Africa showed a declining trend in both the markets,” it added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top