India pharma exports plunge 23 in March as West Asia disruption hits key transit hubs

War-linked route shocks push freight costs and losses billions

India’s pharmaceutical exports fell 23.17% in March, a sharp reversal attributed to the West Asia conflict disrupting both shipping routes and air transit hubs. With Dubai and Abu Dhabi impacted, freight costs rose and losses are estimated at ₹2,500–₹5,000 crore. The hit threatens the smooth flow of essential medicines to global markets despite earlier FY26 growth.