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India s pharmaceutical exports to Iran have been hit owing to depleting rupee reserves in the West Asian country because of India stopping the import of crude oil from it in 2019 following US sanctions. Pharmaceutical exports dropped 71.25 per cent in April-August this year over the same period last year. The data from the Pharmaceutical Exports Promotion Council (Pharmexcil) showed exports to Iran had declined 31.29 per cent in 2022-23 as against the previous financial year.

Burkina fasoHeydar mohammadiUday bhaskarMohammad abdehzadehUttam ghosh rediffSyndicate of iranian pharmaceutical industriesPromotion council pharmexcilDrug administrationWest asianPharmaceutical exports promotion councilBusiness standardIranian pharmaceutical industriesNorth africanBusiness newsUsiness news indiaNdia business news