India maintains its lead over China in key pharma markets

Data from government sources has revealed that India moved ahead of China in all important pharma markets such as US, European Union and Africa

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New Delhi: India’s pharmaceutical exports continued its lead over China in 2015. While India’s Pharma exports grew from US $11.66 Billion to US $12.54 Billion in 2015 recording a growth of 7.55%, China increased its exports of Pharma products from US $6.59 Billion to US $6.94 Billion showing a growth of 5.3% during the same period.

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 US $3.84 Billion to US $4.74 Billion, a growth of 23.4% as against China’s Pharma exports to US which moved from US $1.16 Billion to US $1.34 Billion in the same period showing a growth of 15%. India maintained its lead with growth in EU and Africa recording exports of US $1.5 Billion and US $3.04 Billion respectively while China’s exports to EU & Africa showed a declining trend in both the markets.