India maintained its supremacy over China in pharmaceutical exports last year, the union commerce ministry said on Tuesday.
“India moved ahead of China in all important markets such as the US, Africa and the European Union,” a ministry statement said. “India’s pharmaceutical exports continued its lead over China in 2015.” “While India’s pharma exports grew from $11.66 billion to $12.54 billion in 2015, recording a growth of 7.55 per cent, China increased its exports of pharma products from $6.59 billion to $6.94 billion, showing a growth of 5.3 per cent,” it added. Indian pharma exports to the US soared 23.4 per cent to $4.74 billion last year. Instead, China’s pharma exports to the US increased by 15 per cent to $1.34 billion in the same period.