Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
Latest pharmaceutical industry News & Updates
Surat, May 2 (IANS) Micro, small, and medium enterprises (MSMEs) were identified as a key driver of India’s push towards global competitiveness and self-reliance during discussions at the MSME Conclave held as part of the Vibrant Gujarat Regional Conference (VGRC) in Surat. At the programme, experts focused on digital transformation, supply chain integration, and international market access.The session, held at Auro University on the second day of the conference, centred on productivity …
New Delhi, April 26 (IANS) The FTA with New Zealand is expected to give a big push to India’s leather industry, which expects to grow to $50 billion by 2030, driven by a strategic shift from mass production to high-value-added manufacturing, the Ministry of Commerce and Industry said on Sunday. On the eve of the signing of the India-New Zealand Free Trade Agreement (FTA), Union Minister for Commerce and Industry Piyush Goyal and his New Zealand counterpart Todd McClay participated in an Indust…
New Delhi, April 8 (IANS) Amid rising tensions in the Middle East, the Indian government on Wednesday introduced a new formula for LPG allocation aimed at supporting critical sectors such as pharmaceuticals, food processing, and agriculture.According to the Ministry of Petroleum and Natural Gas, the revised policy will ensure bulk LPG supply to a wide range of industries, including pharma, food, polymers, agriculture, packaging, paints, steel, ceramics, glass, and aerosols.These sectors are cons…
New Delhi, April 4 (IANS) The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday.Addressing the press conference on the sidelines of a ‘Chintan Shivir’ session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap.The offi…
Washington, April 3 (IANS) The United States will impose tariffs of up to 100 per cent on imported patented pharmaceuticals, with President Donald Trump citing national security risks and heavy reliance on foreign supply chains.In a proclamation issued Thursday, Trump said pharmaceuticals and related ingredients “are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.”The proclamation targe…
New Delhi, March 21 (IANS) India’s pharmaceutical industry has evolved into a globally integrated and policy-supported system, ranking third globally by volume and 11th by value, with more than 3,000 companies and 10,500 manufacturing units, an official factsheet showed on Saturday.The domestic pharmaceutical market, valued at $60 billion, is projected to reach $130 billion by 2030.According to the Economic Survey 2025-26, in FY25, the sector’s annual turnover reached Rs. 4.72 lakh crore, wi…
Washington, March 20 (IANS) Facing rising health care costs and access gaps, US senators advanced bipartisan proposals on drug pricing, maternal care and insurance reform.At a Senate Health, Education, Labor, and Pensions Committee hearing, lawmakers from both parties pitched a wide range of bills aimed at lowering costs, expanding access, and addressing workforce shortages.Opening the session, Committee Chairman Bill Cassidy stressed the need for practical solutions. “As chair, my focus is cu…
New Delhi, March 13 (IANS) Pakistan is facing a serious shortage of essential medicines as the ongoing conflict in the Middle East disrupts the import of pharmaceutical raw materials and other critical supplies, according to a new report.The neighbour nation’s existing stock of pharmaceutical raw materials is sufficient for only about one-and-a-half months, according to the report in The Express Tribune.The conflict involving Iran, Israel and the United States has led to the suspension of seve…
New Delhi, March 2 (IANS) India’s active pharmaceutical ingredient (API) market, currently valued at about $15–16 billion, is projected to grow at a compound annual growth rate of 5–7 per cent in FY27 and FY28, a report said on Monday.The report from CareEdge Ratings said the growth will be driven by favourable government policies, a structural shift toward high‑potency and complex APIs, rising domestic demand and deeper penetration into regulated and emerging markets.Indian pharma firms…