Why in the News?
The United States announced 100% tariff on patented pharmaceutical imports, but generic drugs remain exempt, limiting the immediate impact on India.
Key Announcement
- US to impose 100% tariff
- Applies to:
- Patented pharmaceuticals
- Associated ingredients
- Effective from: July 31
- Generics excluded for now
- Review of generics: within 12 months
Impact on India
Limited Immediate Impact
- 90% of India’s pharma exports to US are generics
- Generics currently exempt
India exports:
- $9.7 billion pharma exports to US (2025)
- US accounts for 38–40% of India’s pharma exports
Companies Likely to Be Affected
- Sun Pharma major exposure
- Patented drug exports may face pressure
Sun Pharma data:
- Global patented sales: $1.2 billion
- US share: 85–90%
| [2018] Consider the following statements: 1 The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2 The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 |
