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Big relief for drug makers; medical device units jittery
Financial Express Lucknow
|April 04, 2025
WITH THE US government's decision to exclude pharmaceutical sector from the reciprocal tariff move, the industry has called it a "win-win scenario" for both countries.
Experts said that this will help in keeping the healthcare cost low for the US consumers, and also continue to benefit domestic pharma companies who count US as their biggest exports market with an annual billing of $8.7 billion.
Viranchi Shah, national spokesperson for Indian Drug Manufacturers' Association (IDMA), said that India plays a critical role in the overall healthcare cost in the US.
This story is from the April 04, 2025 edition of Financial Express Lucknow.
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