India’s pharma exports, the biggest category within the chemicals and related products segment, touched $20.58 billion in FY20, while such imports were to the tune of $6.25 billion.
India turned a net exporter of chemicals and related products for the first time in at least a decade in FY20, according to the latest commerce ministry data.
While these are still early days to forecast a trend, the data come as a relief at a time when the country is battling the Covid-19 pandemic and the government is seeking self-sufficiency in this critical segment, especially in pharmaceuticals.
