India's pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales of $27 billion, driven by strong U.S. buying, a government-backed trade body told Reuters, despite deaths linked to Indian-made cough syrups.
from the government that last year's deaths of dozens of children in Gambia, which the World Health Organization linked to drugs made in India, had "adversely impacted the image of India's pharmaceutical products across the globe".around December, according to the Uzbekistan government.
"But if you see our exports, they have grown. We are doing very well in the U.S. market, we are growing at more than 10% there. In the past four-five months, the growth in exports shows that people have not taken very, very seriously the quality of Indian pharmaceuticals." "Wherever we are going, people are asking and we are clarifying," Bhaskar said. "We are telling them our stand. We are trying our level best."
But India's cough syrup exports, including those made by drugmakers that follow the traditional Indian method of Ayurveda, are only about $15 million a year and exports have largely remained intact, Bhaskar said. Manufacturing a drug in Europe or the United States costs more than 30% than in India, giving India a big advantage, he said.
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