Pharma export growth in FY20 down to single digit due to Covid: Pharmexcil

Export growth started declining in February and turned negative in March, at -23.24 per cent

The drop in exports in February and March has dragged pharmaceutical export growth down to a single digit of 7.57 per cent to $20.58 billion in the year 2019-20, according to the Pharmaceutical Exports Promotion Council of India (Pharmexcil). 

Indian pharma exports stood at $19.13 billion in FY19, up 10.72 per cent over the previous year.

Pharmexcil data showed export growth started declining in February, registering a 7.7 per cent increase as compared to an average monthly export growth of 11.5 per cent during the previous ten months. The figure turned negative in March, a -23.24 per cent.

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