India's pharma exports cross $30 billion: Rajesh Agrawal

New Delhi: Commerce secretary Rajesh Agrawal on Wednesday said that India is a trusted global supplier of quality and affordable medicines and that the country's pharmaceutical exports crossed $30 billion in FY25.

Addressing a chintan shivir (brainstorming conference) on issues related to pharma exports in Chandigarh, the secretary, in a video message, said that India is the third largest pharmaceutical producer by volume and 14th by value, with medicines reaching more than 200 markets, including a strong presence in stringent regulatory destinations.

India's domestic pharmaceutical market is currently estimated at around $60 billion, he said, and is expected to double to about $130 billion by 2030, reflecting the sector's scale, depth and innovation potential.