Indian Pharma Sector Clocks $28 Bn Export by End of February in FY26

Indian pharmaceutical exports stood at nearly $28 billion up to February this financial year registering a growth of five per cent compared to the same period last year, a top official said on Saturday.

K Raja Bhanu, Director General, Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) said the sector, currently valued at approximately $60 billion, is projected to grow to $130 billion by 2030.

"Inspite of global challenges, pharmaceuticals exports have been one of the few sectors that has maintained its growth momentum. Pharmaceutical exports during the period April–February FY26 stood at $28.29 billion, reflecting a growth of 5.6% compared to the same period in FY25 led by formulations, biologicals, vaccines and Ayush products," he said.

The official further said the exports reached $30.47 billion in FY 2024–25, reflecting a growth of 9.4 percent year on year despite global pricing pressures and trade volatilities..