biotech / news / / The Economic Times
India's pharma exports saw a sharp 23.17% fall in March.
India's pharma exports dropped 23.17% in March, the steepest fall in five years.
KEY POINTS
- March's export losses are estimated between ₹2,500 and ₹5,000 crore due to the West Asia conflict.
- Key air transit hubs—Dubai, Abu Dhabi, and Doha—were temporarily shut due to missile activity.
- Freight surcharges on Red Sea and Gulf routes spiked to $3,500–$8,000 per pharma shipment.
- Container costs for API imports from China doubled overnight from $1,200 to $2,400 per unit.
COMPANIES
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