Indian pharmaceutical firms foresee minimal disruptions in trade with Israel despite escalating regional tensions. Rising crude prices and export shipping insurance premiums have raised concerns, but the pharmaceutical sector remains optimistic. Pharmaceutical exports from India to Israel in 2020-21 amounted to $32.5 million, which represents only a minor segment of overall pharma exports. India’s expansive export market covers over 200 countries, with Israel being a modest component of it. Bilateral merchandise trade between the two nations touched $10 billion in 2022-23, with pharmaceutical exports from India accounting for $92 million, as per a report.
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