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Pharma Exports Surge 9.3% to $30.5 Billion in FY25

India’s pharmaceutical exports climbed to $30.5 billion in FY2025, reflecting a 9.3% year-on-year growth, according to a new report by Rubix Data Sciences. The momentum is expected to continue, with projections indicating pharma exports could double to $65 billion by 2030.
This surge comes despite mounting global headwinds, notably potential US tariffs and supply chain dependencies on China. Indian companies are pushing ahead with complex generics, strategic global acquisitions, and regulatory fortification to stay competitive.

Highlights from the Rubix Report:

  • Growth Drivers:
  • Rising demand for complex generics
  • Expansion into developed markets (US, Europe)
  • Focus on regulatory compliance and US-oriented manufacturing
  • Challenges Ahead:
  • The US accounts for over 32% of India’s pharma exports.
  • A potential 200% tariff by the US threatens export stability.
  • 74% of India’s bulk drug imports still come from China—posing strategic risk.
  • Strategic Moves by Indian Pharma:
  • Investment in US/EU-based manufacturing and CDMO acquisitions
  • Entry into advanced therapeutic areas (oncology, anti-diabetics, CNS)
  • Targeting opportunities from upcoming global patent expiries
  • Expert Insight:
“From navigating tariff pressures to strengthening compliance and expanding globally, the sector is showing clear signs of strategic maturity.”
— Mohan Ramaswamy, Co-founder & CEO, Rubix Data Sciences
  • Looking Ahead:
  • Firms are diversifying supply chains and customer bases
  • Building resilience to withstand policy shifts and geopolitical tensions
  • Awaiting critical tariff decisions by August 1, which could reshape global pharma flows
This performance reflects not just growth, but the strategic recalibration of Indian pharma amid global volatility. The sector’s agility and focus on innovation are paving the way for long-term global leadership.
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India’s Port Sector Set to Outpace Global Peers

India’s port sector is gearing up for rapid growth—outpacing many global economies—despite a backdrop of geopolitical uncertainty and global headwinds. According to a new report by PL Capital, robust domestic demand, booming trade volumes, and major infrastructure investments are fuelling this momentum.
“Despite global uncertainty, India’s ports are poised for faster growth, driven by rising consumption and government-led infrastructure projects,” the report notes.

Key Highlights:

  • Sustained Growth Trajectory:
Cargo volumes at Indian ports grew at a CAGR of 6.2% from FY2002 to FY2025.
  • Non-major ports: CAGR of *9.1%
  • ○ Major ports: CAGR of *4.7%
  • Expanding Capacity:
India currently operates:
  • 12 major ports (central government)
  • 200+ non-major ports (state governments)
  • Total capacity: ~2,700 million metric tonnes (mmt)
  • Target by 2047: 10,000 mmt
  • Growth Drivers:
  • Government Initiatives: Sagarmala, PM Gati Shakti
  • Industrial Expansion & Export-oriented manufacturing
  • Higher containerisation & multimodal logistics adoption
  • Rising private sector participation
  • Infrastructure Overhaul:
  • Ports are undergoing structural transformation
  • Focus on technology-driven efficiencies
  • Improved connectivity and capacity expansion
  • Strategic Role in Economic Vision:
As India aims to become a $10 trillion economy by FY2030, the port sector is positioned as a core enabler of this growth.
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India Sees 44% Surge in IP Filings in 5 Years: Digital Push & Reforms Fuel Growth

India has recorded a striking 44% increase in Intellectual Property (IP) filings over the past five years, underscoring the nation’s growing innovation culture. This growth is powered by major policy reforms, fee concessions, and a sweeping digital transformation led by the Ministry of Commerce & Industry.
The number of IP applications filed by Indian citizens jumped from 477,533 in 2020-21 to 689,991 in 2024-25 — a clear indicator of the country’s rising focus on protecting innovations and indigenous products.

Key Growth Highlights by IP Category:

  • Geographical Indications (GI): 📈 380% increase
  • Designs: + 266% growth
  • Patents: 🔬 180% rise
  • Copyrights: 📚 83% uptick
  • Trademarks: ™️ 28% gain
  • Semiconductor Layout-Designs (SICLD): 💻 20% increase

Reform-Driven Momentum:

  • Simplified IP laws and streamlined rules
  • Mandatory e-filing of patent documents
  • 10% fee reduction for online patent filings
  • Patent examination time cut to 31 months
  • Working statement filings made triennial

Incentives for Innovation:

  • 80% fee reduction on patents for Startups, MSMEs, and Educational Institutions
  • Over 95% of all IP filings now digital
  • Launch of the IP Sarthi Chatbot for user support
  • NIPAM (National IP Awareness Mission) spreading IP literacy across India

Notable Milestone:

  • 697 Geographical Indications (GIs) registered as of today — showcasing India’s strong push to preserve and promote local products.
Minister of State Mr. Jitin Prasada emphasized that these developments reflect the government’s ongoing commitment to building a robust IP ecosystem and supporting innovation-driven growth.
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Dhamra Port Sets Record with 187,000-Tonne Coking Coal Shipment

In a major milestone for Indian maritime logistics, Dhamra Port in Odisha has handled its largest-ever coking coal consignment, receiving a massive 186,782 metric tonnes imported by Tata Steel Ltd, one of the country’s leading steel producers.
The vessel—measuring nearly 300 metres in length and equipped for deep-draft navigation (18.40 metres)—highlights the port’s ability to accommodate ultra-large cargo ships, reinforcing its strategic importance on India’s eastern coastline.
Operated by the Adani Group, Dhamra Port continues to set new benchmarks in operational efficiency and infrastructure excellence, serving as a critical hub for bulk cargo and raw material imports.
“This achievement showcases not only the port’s expanding capabilities, but also Odisha’s emergence as a key player in India’s industrial and trade landscape.”

Key Highlights:

  • Record-breaking import of 186,782 MT coking coal
  • Handled on a vessel nearly 300m long, with 18.40m max draft
  • Imported by Tata Steel, supporting major steel production needs
  • Underscores Dhamra Port’s deep-draft cargo handling capacity
  • Boosts Odisha’s profile as a logistics and industrial hub
  • Reflects seamless coordination across port, shipping, and industry
  • Strengthens India’s steel supply chain and trade infrastructure
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India’s Sugar Exports Set to Hit 900,000 Tonnes by September

India, the world’s second-largest sugar producer, is poised to export up to 900,000 tonnes of sugar by September 2025, following the government’s green light to export 1 million tonnes earlier this year.
Between January 20 and mid-July, exports have already reached 650,000–700,000 tonnes, with strong demand from countries like Somalia, Afghanistan, Sri Lanka, Djibouti, UAE, Libya, and Tanzania.

Key Highlights:

  • Export Quota: Over 500 sugar mills have received quotas amounting to 3% of their average 3-year production.
  • Export Viability: Indian sugar becomes export-viable when global prices exceed USD 502/tonne. Current international prices (~USD 484/tonne) are below this level, while domestic prices remain at USD 430–450/tonne.
  • Global Market Trends: White sugar prices in London peaked at USD 555/tonne in Feb, but have since dropped due to improved global supply.
  • Future Outlook: Despite price dips, industry leaders are optimistic:
  • Deepak Ballani (ISMA) forecasts 800,000 tonnes by September.
  • Prakash Naiknavare (NFCSF) pegs it at 900,000 tonnes.

Domestic Production & Consumption:

  • 2024–25 Sugar Output: Estimated at 26 million tonnes, including a special crushing season in Tamil Nadu and Karnataka.
  • Domestic Consumption: Expected at 28 million tonnes, with an opening stock of 8 million tonnes and a closing stock of around 5.2–5.3 million tonnes—indicating healthy buffer levels.

Promising 2025–26 Season Ahead:

  • Favourable monsoons and improved cane cultivation across Maharashtra, Karnataka, and Uttar Pradesh signal a strong upcoming season.
  • Crisil Forecast: 15% rise in sugar output to 35 million tonnes in 2026, which could fuel both ethanol blending goals and revive export momentum.
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India’s Tea Exports Brew Growth — Up by 2.85% in FY 2024-25

India’s tea industry has reported a modest yet encouraging rise in export volumes during the financial year 2024–25. According to the latest data released by the Tea Board of India, tea exports grew by 2.85%, highlighting steady international demand despite regional variations.

Key Highlights:

  • Total exports rose from 250.73 million kg in FY 2023–24 to 257.88 million kg in FY 2024–25.
  • North Indialed the charge with an 8.15% increase, exporting 161.20 million kg, up from 149.05 million kg.
  • South India, however, witnessed a 4.92% decline, with exports dropping to 96.68 million kg.
  • Export value per kilogram increased by 12.65%, rising from ₹258.30 to ₹290.97.
  • On a calendar-year basis (Jan–Dec 2024), exports hit 256.17 million kg, marking a 10.57% year-on-year rise.
  • Both regions recorded calendar-year growth:
  • North India: 155.49 million kg (+10.28%)
  • South India: 100.68 million kg (+11.02%)
This uptick in exports and value per kilogram reflects a growing global appetite for Indian tea, especially from North India, which continues to dominate in both volume and growth.
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India’s Electronics Exports Soar 47% in Q1 FY26 — US, UAE & China Lead the Surge

India’s electronics export sector is on a steep upward trajectory. According to the Commerce Ministry, exports surged 47% year-on-year in the April–June quarter of FY26, touching ₹1,07,123 crore (US$ 12.41 billion). This remarkable growth underscores India’s strengthening position in global supply chains, particularly as an emerging alternative manufacturing hub in Asia.

The United States, UAE, and China topped the list of export destinations, with the Netherlands and Germany rounding out the top five—showcasing a geographically diverse and expanding global footprint.

Union Minister Ashwini Vaishnaw highlighted that India’s electronics exports have crossed ₹3.45 lakh crore (US$ 40 billion)—an eightfold increase over the last decade. Domestic electronics production, too, has grown six times during the same period.

Key Highlights:

  • 47% growth in electronics exports in Q1 FY26 (₹1.07 lakh crore / US$ 12.41 billion).
  • Top export markets:
  • 🇺🇸 US – 60.17% share
  • 🇦🇪 UAE – 8.09%
  • 🇨🇳 China – 3.88%
  • 🇳🇱 Netherlands – 2.68%
  • 🇩🇪 Germany – 2.09%
  • Total electronics exports: ₹3.45 lakh crore (US$ 40 billion), 8x growth in 11 years
  • India is emerging as a trusted global electronics manufacturing base

Garments & Marine Sectors Also See Export Gains

India’s export momentum isn’t limited to electronics. The ready-made garments (RMG) sector clocked in at ₹36,168 crore (US$ 4.19 billion) in Q1 FY26—a 9% increase from the previous year. The Tiruppur knitwear hub alone saw 11.7% growth in exports.
Meanwhile, marine exports rose by 19.45%, totaling ₹16,832 crore (US$ 1.95 billion), with the US again leading demand.

Other Key Takeaways:

  • RMG exports in Q1 FY26: ₹36,168 crore (US$ 4.19 billion)
  • FY25 RMG exports up 10.03% to ₹1.38 lakh crore (US$ 15.99 billion)
  • Top RMG markets:
  • US – 34.11%
  • UK – 8.81%
  • UAE – 7.85%
  • Germany – 5.51%
  • Spain – 5.29%
  • Marine export growth: 19.45% in Q1 FY26
  • Top buyers: US (37.63%), China, Vietnam, Japan, Belgium
  • Growth supported by cold chain logistics, product diversification, and global quality compliance

The Big Picture

India’s diversified export performance signals a resilient and competitive manufacturing ecosystem. The recurring appearance of the US as the top buyer across multiple sectors reinforces its pivotal role in India’s trade growth story.
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India’s Car Exports Soar 22% in Q1 FY26 – Led by Maruti, Two-Wheelers & Global Demand

India’s automobile exports hit the accelerator in Q1 FY2025-26, clocking a 22% year-on-year surge across all vehicle categories. The growth was fueled by record passenger vehicle (PV) shipments and strong performances in two-wheeler and commercial vehicle segments.

According to the Society of Indian Automobile Manufacturers (SIAM), India exported 14.57 lakh vehicles in April–June 2025, up from 11.93 lakh units in Q1 last year.

Key Highlights:

  • Total Vehicle Exports:
  • 14,57,461 units in Q1 FY26 – up 22% from 11,92,566 units in Q1 FY25.
  • Passenger Vehicle Exports (Record High):
  • Hit an all-time high of 2,04,330 units (↑13%).
  • Two-Wheeler Exports:
  • Rose 23% to 11,36,942 units, up from 9,23,148 units.
  • Commercial Vehicle Exports:
  • Grew 23% to 19,427 units.
  • Three-Wheeler Exports:
  • Jumped 34% to 95,796 units.

Global Markets Driving Growth

  • Middle East & Latin America: Stable demand continued.
  • Rebound in Neighbouring Markets: Sri Lanka and Nepal bounced back.
  • New Opportunities: Japan showing rising demand.
  • FTAs in Action: Shipments under FTAs with Australia and others boosted volumes.

Maruti Suzuki Takes the Lead

  • Maruti’s Q1 Exports:
  • A massive 96,181 units shipped (↑37% YoY), capturing 47% of the PV export market.
  • “Our share in exports reached a historic high of over 47%,” said Rahul Bharti, Sr. Executive Officer at Maruti Suzuki.
  • Rest of the Industry:
  • Passenger vehicle exports from other manufacturers dipped by 2%.
  • Hyundai India:
  • Exported 48,140 units, up 13% from 42,600 last year.

Summary

India’s auto industry is revving up on the global stage with consistent export growth. Backed by market rebounds, strategic trade pacts, and strong performances by major OEMs like Maruti Suzuki and Hyundai, the Q1 numbers paint a promising picture for the rest of FY26.
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India’s Industrial & Warehousing Demand Hits Record High in H1 2025

India’s industrial and warehousing sector witnessed unprecedented growth in the first half of 2025, with leasing activity touching 20 million sq ft — a 33% year-on-year increase, according to a new report by Colliers India.

The surge is being driven by strong demand across sectors like Third-Party Logistics (3PL), e-commerce, automobiles, and engineering, particularly in top metro cities.

Key Highlights:

  • Record-breaking demand:
  • H1 2025 witnessed 20 million sq ft of industrial and warehousing leasing across India’s top 8 cities — a 33% increase YoY.
  • Delhi-NCR & Chennai lead the pack:
  • Together, these two cities contributed nearly 50% of total leasing activity.
  • Top-performing cities:
  • Delhi-NCR
  • Chennai
  • Mumbai
  • Bengaluru
(Each recorded over 2 million sq ft of demand)
  • 3PL dominance:
  • Third-party logistics players contributed to 32% of total leasing, continuing to be the sector's growth engine.
  • Sector-wise traction:
  • 3PL: ~6.5 mn sq ft
  • Engineering, e-commerce, and automobile: Each contributed 2–4 mn sq ft
  • Retail sector also showed significant interest
  • Micro-market hotspots:
  • Bhiwandi (Mumbai): 3.1 mn sq ft
  • Oragadam (Chennai): 1.5 mn sq ft
  • Retail sector also showed significant interest
  • Q2 2025 – The strongest yet:
The second quarter alone saw 11 million sq ft of leasing — the highest quarterly absorption in recent years, marking a 52% YoY growth.
“While 3PL players continue to lead, engineering, e-commerce, and automobile segments are steadily gaining share in Grade A warehousing demand,” — Vimal Nadar, National Director & Head of Research, Colliers India
“The growth trajectory looks solid. We expect robust performance in the upcoming quarters of 2025,” — Vijay Ganesh, MD, Industrial & Logistics Services, Colliers India
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Vadhavan Port to Link 24 Maharashtra Districts via Samruddhi Mahamarg: A Maritime Game-Changer

Maharashtra Chief Minister Devendra Fadnavis announced that the upcoming Vadhavan Port will revolutionize the state’s logistics and trade ecosystem by directly connecting 24 districts through the Samruddhi Mahamarg expressway.
The announcement was made during the inaugural session of the Maharashtra Maritime Summit 2025 in Mumbai, which brought together top policymakers, industry leaders, diplomats, and global maritime experts.
“The Vadhavan Port will be a game-changer — not just for coastal trade, but for inland logistics connectivity. With seamless road access and an offshore airport, this will unlock new economic corridors for Maharashtra,” said CM Fadnavis.

Key Highlights from the Summit:

  • Direct connectivity: Vadhavan Port to link 24 districts via Samruddhi Mahamarg and feeder roads.
  • Multimodal future: Offshore airport planned to boost cargo movement efficiency.
  • Skill-focused development: Youth skill-building programs to prepare workforce for port-led jobs.irport planned to boost cargo movement efficiency.
  • Policy push: Formation of a Maritime Acceleration Task Force to speed up implementation of port infrastructure projects.
  • Industry participation: Thought leaders from Adani Ports, JSW Infra, DP World, Damen Shipyards, Candela, and others discussed:
  • Attracting global shipbuilding and ship-breaking partnerships.
  • Expanding India's maritime manufacturing capacity.
  • Tapping waterway transport to decongest highways.
  • Diplomatic presence: Multiple foreign diplomats showed interest in maritime partnerships with Maharashtra.
Minister for Ports and Fisheries, Nitesh Rane, emphasized the importance of public-private collaboration and announced a forward-looking Maritime Roadmap focused on innovation, job creation, and sustainable port development.
“We must look beyond traditional shipping — Maharashtra can become the next global hub for shipbuilding, inland waterway transport, and blue economy opportunities,” Rane stated.
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