Based on the provided data, the import of pharmaceutical goods to India is forecasted to increase from USD 118.85 million in 2024 to USD 133.48 million in 2028. In 2023, the value stood at USD 115.5 million. The year-on-year variation shows a consistent increase: 3.18% in 2024, 3.17% in 2025, 3.01% in 2026, 2.87% in 2027, and 2.74% in 2028. Over the last two years, the import value in 2024 and 2023 had an average annual growth rate (CAGR) of approximately 3.00%.
Future trends to watch for:
- Impact of regulatory changes on pharmaceutical imports.
- Potential supply chain disruptions due to geopolitical factors.
- Growth in domestic pharmaceutical production capacity.
- Evolution of healthcare policies and their effect on import demand.
