Nowadays, if we talk about the growth of various nations’ pharmaceutical industries the growth of the Indian pharmaceutical industry is also immense. The Indian pharmaceutical industry has come a long way. The past journey of the Indian pharmaceutical industry is exciting and impressive. After independence, every sector of the Indian industry has come too far. However, the pharmaceutical industry has shown impressive results in terms of growth and development. Whereas, talking about the past few years the industry has made a recent impressive and noticeable growth. The nation has gone too far in terms of growth not only in the Indian pharmaceutical market, but the industry expanded to International pharmaceutical markets. The main reason behind this growth is third party manufacturing.
The growth of the Indian pharmaceutical industry
The Indian pharmaceutical industry has undergone various changes and today it is counted as one of the crucial sectors for development and better GDP of the nation. After 1957 there was every sector of the Indian industry came too far. However, the pharmaceutical industry has shown impressive results in terms of growth and development. Whereas, talking about the past few years the industry has made a recent impressive and noticeable growth. The nation has gone too far in terms of growth not only in the Indian pharmaceutical market, but the industry expanded to International pharmaceutical markets. The pharmaceutical industry contributes 6 to 7% to the nation’s economic growth. Moreover, the pharma exports of the nations also surged 9.67% to USD 27.9 billion in 2023-24. Moreover, Indian pharma exports stand third in the world in terms of volume and are the fourteenth largest in terms of value.
Indian Pharmaceutical Exports to Bangladesh
Bangladesh is one of the greatest importers of pharmaceuticals from the India pharmaceutical industry. The nation almost exports 30% of the total active pharmaceutical raw materials to Bangladesh. India has some main exports to Bangladesh including coffee, salt, sulfur, tea, spices, pharmaceuticals, etc. Among these pharmaceutical exports are most crucial. The Indian pharmaceutical industry by exporting pharmaceuticals to Bangladesh strengthens the economic conditions of the nation as well as it also betters the healthcare system of the nation. The pharma export company in India is one the best to trust because of the services the third-party manufacturers offer to outside nations.
The trusted pharma export company in India Casca Remedies Pvt ltd is the most trusted and preferred pharma export company in India. We are experts in manufacturing pharmaceutical goods by complying with all national and international regulatory standards on pharmaceutical goods manufacturing. We are having our manufacturing plant since 1988. The pharma companies can outsource their pharma export orders to us by giving us a call at +918900000092
