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FTA may lower cost of novel drugs for Indian patients

January 28, 2026

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Mint Mumbai

India’s landmark free trade agreement with the European Union provides for significant tariff cuts on pharmaceutical exports as well as optical, medical and surgical equipment shipped from Europe.

- Jessica jessica.jani@livemint.com

FTA may lower cost of novel drugs for Indian patients

Europe is India's second-larges pharma export market.

(MIN)

Tariffs on pharmaceutical exports from Europe to India will drop to zero from 11% for almost all products. This will improve access for Indian patients to novel drugs from Europe and reduce input costs for specialized raw material imported from Europe, industry executives said.

Europe’s pharma exports to India amounted to €1.1 billion in 2024, according to a fact sheet released by the European Commission.

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