India Pharma Exports ~$25-27B, But China API Reliance at 60-90% Clouds Supply-Chain Outlook

Exports are directionally strong but the $30.5B headline figure is unverified. China dependence on APIs and KSMs is real, category-specific, and longstanding—not an emerging issue. PLI results remain mixed.

bt-corporate · 6/28/2026, 3:19:12 PM · Ask about this →