India's medicine exports to US, Italy on the rise: Commerce ministry

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India's medicine exports to US, Italy on the rise: Commerce ministry - Business Standard

Quick Summary:

Share of the top exporter Ireland fell to 13.85 per cent in 2023 from 17.18 per cent in 2022 because its sales in the US went down to USD 9.5 billion in 2023 from USD 12.5 billion in 2022.

With this increase in the shipments, India's share went up to 13.1 per cent in 2023 from 10.08 per cent in 2022.

With the government focusing on boosting domestic manufacturing of pharmaceutical products, India's medicine and antibiotics exports have started gaining significant market share in the US.