India's annual exports of pharmaceutical products reached $1.26 billion in April, a year-on-year growth of 10.5%, according to the Commerce Ministry. But the growth rate was the slowest in 15 years, due mainly to U.S. concerns over intellectual property rights and heightened global competition, said PV Appaji of the Pharmaceuticals Export Promotion Council. He anticipates 12% growth this fiscal year, with regions such as Africa helping fuel growth.

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