Regulation of Drug Prices in India

The Ministry of Chemicals and Fertilizers regulates drug prices in India under the Drugs (Prices Control) Order, 2013. The National Pharmaceutical Pricing Authority (NPPA) sets ceiling prices for 930 scheduled formulations, including anti-cancer, anti-diabetic, and cardiovascular drugs. Retail prices for 3,482 new drugs are also fixed, with significant savings for patients. The Pradhan Mantri Bhartiya Janaushadhi Pariyojana scheme offers affordable medicines, with over 16,000 Jan Aushadhi Kendras established nationwide. Recent measures have led to substantial price reductions and savings for patients.

Source: Original Link

Read more