Mumbai, July 22 (IANS) India’s pharmaceutical sector dipped notably on Wednesday after US President Donald Trump outlined a phased tariff plan on imported generic medicines, fuelling concerns over the long‑term outlook for drugmakers that rely heavily on US sales.The Nifty Pharma index fell nearly 2 per cent in early trade, making it the worst‑performing sectoral index on the National Stock Exchange in early trade.The Nifty Pharma index fell 1.85 per cent to 25,610 against Nifty, down 169 …
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New Delhi, June 23 (IANS) India’s total merchandise and services trade expanded by 5.4 per cent year-on-year during January–March in the financial year 2025-26 to reach $1.84 trillion, reflecting a stable performance despite the uncertainties in global markets, according to NITI Aayog’s latest “Trade Watch Quarterly” released on Tuesday. Ashok Kumar Lahiri, Vice-Chairman, NITI Aayog, released the report in New Delhi, in the presence of the CEO, NITI Aayog and other senior officials.India…
New Delhi, June 23 (IANS) While India remains one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, its global export share in pharmaceuticals and Active Pharmaceutical Ingredients (API) remains modest at 2.8 per cent, indicating scope for expansion amid rising global demand for medicines, biologics, and speciality therapeutics, a NITI Aayog report said on Tuesday.Global pharmaceutical and API import demand is valued at approximately $1…
New Delhi, June 9 (IANS) Commerce and Industry Minister Piyush Goyal said on Tuesday that India is well-positioned to serve the world as an innovator, manufacturer, reliable supplier of affordable medicines, partner in advanced healthcare technologies, and destination for contract manufacturing.Addressing the Global Ambassador Meet on the Pharmaceutical Sector here, the minister noted that Indian medicines are widely accepted across global markets owing to the industry’s established quality st…