Indian pharmaceutical exports ranked _______ globally in value terms in the year 2023 and accounted for 3% of the total pharmaceutical exports.

The Correct Answer is 11th.

In News

• Indian pharmaceutical exports ranked 11th globally in value terms in the year 2023 and accounted for 3% of the total pharmaceutical exports.

Key Points

•  As per a secondary market research analysis published by Bain and Company in the year 2025, Indian pharmaceutical exports ranked 11th globally in value terms in the year 2023 and accounted for 3% of the total pharmaceutical exports.
• The Central Drugs Standard Control Organisation (CDSCO) and the Ministry of Health and Family Welfare have implemented multiple measures to maintain the quality, safety, and efficacy of medicines.
• The Drugs and Cosmetics Act, 1940 was amended in 2008 to introduce stringent penalties for manufacturing spurious and adulterated drugs.