Advanced International Journal for Research

E-ISSN: 3048-7641     Impact Factor: 9.11

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 1 (January-February 2026) Submit your research before last 3 days of February to publish your research paper in the issue of January-February.

“Pharmaceutical Exports from India: Empirical Evidence on Innovation, FDI, and Exchange Rate Effects”

Author(s) Mr. Raghavendra B Chippalakatti, Dr. B. H. Nagoor
Country India
Abstract This paper explores the connection between the growth rate of India's pharmaceutical exports over a year and various economic markers foreign direct investment (FDI) in pharmaceuticals, patent applications, and the exchange rate. With the use of annual data from 1995 to 2023, the investigation uses Ordinary Least Squares (OLS) estimation following stationarity confirmation via unit root tests. The results indicate that there is a statistically significant adverse effect of exchange rate volatility on export performance, whereas the FDI inflows and patent filings effects are statistically not significant. The results indicate that although macroeconomic stability in currency value is crucial to export growth, other variables such as FDI and innovation indicators are probably too short-term or will need complementary enabling policies to show their export contributions. The research makes a contribution to the literature by presenting empirical evidence on short-run dynamics among innovation, investment, and trade in India's pharmaceutical industry and presenting policy implications for improving global competitiveness.
Keywords Pharmaceutical exports, Innovation, Patent filings, Foreign Direct Investment (FDI), Exchange rate volatility, Trade competitiveness.
Field Medical / Pharmacy
Published In Volume 7, Issue 1, January-February 2026
Published On 2026-01-18
DOI https://doi.org/10.63363/aijfr.2026.v07i01.2969
Short DOI https://doi.org/hbk6zz

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