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Medicine and pharmaceutical product import value India FY 2011-2020

India imported medicinal and pharmaceutical products to the value of around 235 billion Indian rupees as of September of fiscal year 2020. Despite slow economic growth in the past years, India still managed to stay a world leader in the pharmaceutical sector as a major producer of generic drugs and vaccines. However, due to economic considerations, the country mainly relies on imported active pharmaceutical ingredients (API).

India’s pharmaceutical market

Owing to epidemiological factors such as the expansion of the patient pool and increased prevalence of lifestyle ailments, India’s pharmaceutical industry is expected to show much growth. In 2018, the share of market revenue of generic drugs was the highest, in comparison, to OTC medicines and patented drugs. The online market for medicines in India has also flourished. Convenience and affordable prices have led to a notable increase in online shoppers. The addressable market share for online pharmacies in India was expected to cross 60 percent by 2023.

Employment in the Indian pharmaceutical world

India's pharmaceutical sector is full of opportunities. However, it is highly fragmented, unorganized, and lacks gender diversity. In 2017, less than 25 percent of women in India showed employability in the pharmaceutical and healthcare sector. Furthermore, in 2019, the employability of pharmaceutical graduates across the country was just over 35 percent, a 20 percent drop in five years.

Value of India's medicine and pharmaceutical product imports from financial year 2011 to 2020

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Sources

Release date

January 2020

Region

India

Survey time period

FY 2011 to FY 2020

Supplementary notes

*Provisional values until Q3 FY 2020.

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

Note: One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of April 2020)

Values have been rounded for clarity.

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Statistics on "Pharmaceutical industry in India"

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