India, widely regarded as the pharmacy of the world owing to its generic medicines and low-cost vaccines, has achieved another big feat in the area of medical goods business, Times of India reported on May 8. According to the report (by Durgesh Nandan Jha), India has now reversed an old trend to become a net exporter of medical consumables and disposables, a first for the country. Till now, foreign products dominated the country's market for medical consumables, which include needles and catheters, among other things. The Union Pharma Secretary said on Tuesday that in the fiscal year 2022-23, the country exported consumables and disposables valued at $1.6 billion, surpassing imports which amounted to approximately $1.1 billion. Exports witnessed a 16% increase over the previous fiscal year, whereas imports saw a 33% decline. (ICE NEW DELHI)

Fonte notizia: Economic Times