Trade Profile of Indian Medical Devices

By : Atika Aggarwal

Page No: 281-288

Abstract
This study examines the growth trajectory and trade dynamics of India’s medical device industry under the ‘Make in India’ initiative, analysing import-export trends from 2008–09 to 2019–20. Utilising data from TradeStat, the World Integrated Trade Solution (WITS), and time series analysis, the research evaluates 11 Harmonised System (HS) codes encompassing critical devices such as electrocardiographs, MRI machines, CT scanners, and ultrasonic apparatus. The study highlights the role of policy interventions like the Production Linked Incentive (PLI) Scheme in fostering domestic manufacturing, yet emphasises challenges such as export instability and infrastructural gaps. Recommendations advocate for enhanced R&D collaboration, tax incentives, and regulatory reforms to bolster self-sufficiency.

Author
Atika Aggarwal: Assistant Professor, GGDSD College, Chandigarh
 

DOI: https://doi.org/10.32381/JPR.2025.20.02.11