India's bulk drug imports soar, led by China

5 August 2024

Imports of bulk drugs from China have jumped, potentially undermining India's efforts to boost domestic pharmaceutical manufacturing through its Production Linked Incentive (PLI) scheme.

Government data indicates overall imports have grown 8.84%, while imports from China have jumped 10.8% during the first quarter of the current fiscal year compared to the same period last year

Total imports reached $1.16 billion compared to $1.07 billion earlier, with imports from China reaching $858.70 million against $774.96 million, representing a 10.8% increase compared to the first quarter of financial year 2024.

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