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Pharma exports decline 5.15 per cent in October
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Gireesh Babu, New Delhi
November 19 , 2025
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For the first time in the current fiscal, exports of drugs and pharmaceuticals from the country have reported a decline of 5.15 per cent during the month of October, 2025, on a Year-over-Year (YoY) basis.
According to preliminary data from the ministry of commerce and Industry, exports of drugs and pharmaceuticals during the month of October stood at $2.49 billion, compared to $2.62 billion in the same month of last year.
In Rupee terms, the exports declined 0.2% at Rs. 22,006 crore in October, as against Rs. 22,050 crore during the same month last year.
During the seven months ended October 31, 2025, pharma exports reported a growth of 4.68% to $17.87 billion as compared to $17.07 billion during the same period a year ago.
In Rupee terms, the exports grew 8.5% during the seven months, at Rs. 1,54,978.81 crore, compared to Rs. 1,42,837.25 crore during the same period of previous fiscal year.
Imports of medicines and pharmaceutical products, on the other hand, reported a growth of 5.56% to $824.67 million during October, as compared to $781.25 million on a YoY basis. Imports during the first seven months of the current fiscal year grew 6.96% to $5.47 billion, as against $5.12 billion in the same period a year ago.
In Rupee terms, the growth in imports was around 11% for the month of October, at Rs. 7,291 crore, compared to Rs 6,564 crore reported in October, last year. For the first seven months of the fiscal year, the imports grew 10.9% to Rs. 47,473 crore, as compared to Rs. 42,813 crore on a YoY basis.
The decline in pharma exports comes during the month, when India's overall exports has reported a decline of 11.82%, at $34.37 billion as compared to $38.98 billion during the same month last year. The country reported a record $41 billion trade deficit during the month, with the imports registering a growth of 16.64% to $76.06 billion against $65.21 billion in the same month a year ago.
It may be noted that the exports registered a growth of 6.46% in the first six months of the fiscal year, from April to September, 2025, at around $15.38 billion, as against around $14.45 billion on a YoY basis. Exports during the month of September reported a year-over-year growth of 2.56% at $2.62 billion as compared to $2.55 billion in September, last year.
Imports reported a growth of 7.21% during the six months, to $4.65 billion, as compared to $4.34 billion in the same period of previous fiscal year, while for the month, the imports grew 16.51% at $768.15 million as compared to $659.29 million on a YoY basis.
Exports registered around 5.2% growth in the first three months of the current fiscal year, from April to June, 2025, while imports reported a growth of 4.1%, compared to the corresponding quarter of previous year.
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