Bihar Conclave 2025

Indian pharmaceutical market

India's pharmaceutical industry is set for major growth as GST reforms cut taxes on medicines and exempt 36 life-saving drugs.

The Indian pharmaceutical market (IPM) expanded by 7.9% in July 2025, according to a recent Pharmarack report.

India’s pharmaceutical exports surged to an all-time high of $30.47 billion (£24.5 billion approx.) in the financial year 2024–25.