Drug Prices
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