InvestorQ : Is it true that pharma exports have grown sharply in financial year FY21?
sarah Leo made post

Is it true that pharma exports have grown sharply in financial year FY21?

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Rashi Mehra answered.
3 weeks ago
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Indian pharma exports grew 18.7% in FY21 to a record level of $24.44 billion. This was on the back of strong demand for generic drugs from India due to the pandemic resurgence. North America was the largest pharma market accounting 35% share. In the North American region, exports to the US, Canada and Mexico grew by 12.6%, 30% and 21.4% respectively.

Apart from the developed markets, even pharma exports to Africa increased 13.4%, while growth in exports to Europe was at a healthy 11%. A chunk of the growth in pharma came about in the month of March 2021.

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