Study on pharma sector, exports: Analysing African markets and trade conditions

Abstract

Indian pharma industry is predicted to cross market valuation of US $130 bn. by 2030. India seems a huge market ranking 3'd globally in production by volume and 14'h by value. There are 3000 drug companies & more than 10000 manufacturing fim1s in the subcontinent; offering India a strong standing worldwide. In terms of exports, India stands at US$ 20.70 bn. in FY 20 and US$ 24.44 bn. in FY 21. The growth rate of this sector is also very impressive with CAGR of 22.4% in the coming years. Moreover, India has the 2nd highest manpower employed in biotech & pharma industry worldwide. The rise of healthcare and biotech industry serves as a perfect complementary for this already att ractive sector.