India now net exporter of medical consumables

The country exported consumables and disposables worth $1.6 billion, while it imported products worth only about $1.1 billion in 2022-23, Union pharma secretary Arunish Chawla said on Tuesday. Exports went up 16% compared with the previous fiscal, while imports fell 33%. India is known as pharmacy of the world because of its generic medicines and low-cost vaccines.