Minister of State for Commerce and Industry Hardeep Singh Puri has said India’s exports of pharmaceutical products during April-December 2020-21 grew by 12.43 per cent to $17.57 billion. He said India’s exports of pharmaceutical products have not declined and they are growing consistently.
He said during 2019-20, India’s exports of pharmaceuticals were $20.58 billion with a growth rate of 7.57 per cent over the previous year. Total pharma exports during April-December 2020-21 were at $17.57 billion, registering a growth rate of 12.43 per cent over the same period of the previous year.
Meanwhile, Minister of State for Commerce and Industry Som Parkash said that during the last three years, the Foreign Direct Investment (FDI) equity inflow increased from $44.85 billion in 2017-18 to $49.97 billion in 2019-20. According to the data, FDI in defence industries stood at $0.63 million. It was $2.20 million in 2019-20.The retail trading sector attracted $1.26 billion in April-November 2020-21 period, while telecommunications received $19.65 million.