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Market move▲ Bullish for Indian equities
Nifty Pharma defies market slump as select drugs get US tariff exemption
The brief
- Qualifying speciality medicines from India will be eligible for zero US duty
- The exemption provides some relief to Indian drugmakers with US exposure
- Zero-duty access could support Indian pharma exporters with qualifying speciality medicines
- Pharma sector eyes 10% growth in FY27 as domestic market offsets US slowdown
- Oncologist calls for five-year plan to widen access to precision cancer care
US tariffs and exemptions affecting India
A proposed US law could allow tariffs of up to 100% on the largest buyers of Russian oil, potentially affecting India. A report said the US exempted India and 19 other nations from 100% tariffs on certain speciality drugs.
Tuesday, 29 September
- Nifty Pharma defies market slump as select drugs get US tariff exemption