Pharma exports see double digit growth after a gap of three years

In April, pharma exports to the US has grown by 17.47 per cent as compared to a 10 per cent decline in the same month last year

After a gap of three years Indian pharmaceutical exports are seeing a double digit growth in value terms starting this financial year, driven by a surge in exports across all the major destinations in the world, according to Pharmaceutical Export Promotion Council (Pharmexcil).

In contrast to a negative or a marginal growth witnessed over the past couple of years, the pharma exports registered a 13.29 percent growth in the month of April while the same was as high as 25 per cent in May on a year-on-year basis, it said.

"Indian pharmaceutical exports have risen substantially in the months April and May,