Indian Pharmaceutical Exports Reach $29 Billion by February 2026
Indian Pharma sector clocks $29 billion exports by end of February in FY26
Business Standard
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By the end of February 2026, Indian pharmaceutical exports reached nearly $29 billion, marking a 5% growth compared to the previous year. The sector, valued at approximately $60 billion, is expected to grow to $130 billion by 2030, driven by formulations, biologicals, vaccines, and Ayush products.
- 01Indian pharmaceutical exports hit nearly $29 billion by February 2026.
- 02The sector grew by 5% compared to the same period last year.
- 03The current market value of the pharmaceutical sector is approximately $60 billion.
- 04Exports are projected to reach $130 billion by 2030.
- 05Growth is driven by formulations, biologicals, vaccines, and Ayush products.
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Indian pharmaceutical exports reached nearly $29 billion by the end of February 2026, reflecting a 5% increase from the same period last year. K Raja Bhanu, Director General of the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL), highlighted that the sector, currently valued at around $60 billion, is expected to grow to $130 billion by 2030. The growth momentum has been maintained despite global challenges, with exports during the April-February period of FY26 totaling $28.29 billion, a 5.6% increase from FY25. The rise in exports is primarily attributed to formulations, biologicals, vaccines, and Ayush products. In FY 2024-25, exports reached $30.47 billion, marking a 9.4% year-on-year growth despite facing global pricing pressures and trade volatilities.
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The growth in pharmaceutical exports can lead to increased job opportunities and economic benefits for the sector, potentially impacting local economies positively.
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