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Image Credit: Bloomberg Quint

India’s $10 Billion Pharma Exports To US Face Probe Risk As Trade Tensions Rise

  • The US Commerce Department has launched a Section 232 investigation into pharmaceutical imports, raising concerns over the future of India’s $10 billion drug exports.
  • The probe will assess the extent to which India's reliance on foreign pharmaceutical imports could pose a threat to the US domestic healthcare system.
  • India is among the top five pharmaceutical suppliers to the US, but European suppliers have retained or expanded their shares.
  • The investigation under Section 232 of the US Trade Expansion Act marks a shift in US trade policy towards the pharmaceutical sector.

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