New Delhi, Oct. 30 -- India's pharmaceutical exports grew nearly 5 per cent to USD 16.13 billion in the first half of the current financial year, driven by stronger demand from Europe, ASEAN and Latin America, according to data released by the Pharmaceuticals Export Promotion Council of India (Pharmexcil) on Thursday.

Exports stood at USD 15.38 billion in the corresponding period last fiscal year, with growth recorded across drug formulations and biologicals, bulk drugs and drug intermediates, and surgical products.

During the second quarter (July-September 2026), pharmaceutical exports rose 3.05 per cent to USD 8.04 billion from USD 7.8 billion a year earlier. September recorded the highest monthly export value at USD 2,744.05 million,...