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India beats China in pharma exports
India’s pharmaceutical exports continued its lead over China in 2015. While India’s pharma exports grew from USD 11.66 billion to USD 12.54 billion in 2015 recording a growth of 7.55 per cent.
By
migrator
migrator
New Delhi
China increased its exports of pharma products from USD 6.59 billion to USD 6.94 billion showing a growth of 5.3 per cent during the same period.
According to Commerce Ministry data, 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 USD 3.84 billion to USD 4.74 billion, a growth of 23.4 per cent as against China’s pharma exports to US which moved from USD 1.16 billion to USD 1.34 billion in the same period showing a growth of 15 per cent.
India maintained its lead with growth in EU and Africa recording exports of USD 1.5 billion and USD 3.04 billion respectively while China’s exports to EU and Africa showed a declining trend in both the markets.
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