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India’s pharma exports rise 6.5% to $20.48 billion as Brazil and Nigeria gain ground as high-growth markets

January 19, 2026 2 min read
author Anamika Mishra, Sub Editor
New Delhi: Brazil and Nigeria are increasingly emerging as important export destinations for Indian pharmaceutical companies even as global economic conditions remain uncertain, according to data released by the commerce ministry. Nigeria stood out as one of the fastest-growing markets, recording an additional USD 179 million in exports and accounting for more than 14 per cent of the overall export growth during the first eight months of the current financial year. During the April–November period of FY26, Brazil also reported a rise of close to USD 100 million in pharmaceutical imports from India, the data showed. “These markets point to

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