India's pharmaceutical exports grew nearly 5 per cent to USD 16.13 billion in the first half of the current fiscal year, driven by strong demand from Europe, ASEAN, and Latin America, according to Pharmexcil data released on Thursday. Shipments stood at USD 15.38 billion in the same period last fiscal year. According to data released by the Pharmaceuticals Export Promotion Council of India (Pharmexcil), the first-half performance saw growth across drug formulations and biologicals, bulk drugs and drug intermediates, and surgical products.