US reciprocal tariff on Indian pharma exports to impact American consumers: Pharmexcil
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«We do not see any immediate impact. But if they impose the tariffs it will hurt American consumers only. We are into wait and watch mode. We mainly export generic drugs to them,» Bhanu said.
Citing US studies, he said overall, medicines from Indian companies provided USD 219 billion in savings to the US healthcare system in 2022 and a total of USD 1.3 trillion between 2013 and 2022, and generics from Indian companies are expected to generate an additional USD 1.3 trillion in savings over the next five years.
«In such a situation, what can we say if they decide to impose tariffs?» Bhanu said.
He also informed that Indian pharmaceutical companies supply a substantial proportion of drugs to the US, with four out of ten of all prescriptions filled in the US in 2022 being supplied by domestic firms.
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