Due to rising global inflation and Russia-Ukraine war, inflation has started increasing in India as well. In the midst of rising prices of petrol and diesel, now the news of increase in prices of medicines is also coming. From April, the prices of essential medicines including pain killers, antibiotics, anti-virus are going to increase (Drugs Price Hike). The government has approved an increase of more than 10 per cent for scheduled drugs.
According to the report, the Drug Pricing Authority of India on Friday approved a 10.7 percent increase in prices for scheduled drugs. Prices of more than 800 medicines will increase under the National List of Essential Medicines (NLIM) from the month of April. According to media reports, on March 23, the National Pharmaceutical Pricing Authority (NPPA), a government regulatory agency that controls the prices of medicines in India, asked companies to submit necessary documents to increase the prices on the basis of Wholesale Price Index (WPI). Was. It was then said that the prices of all essential medicines could increase by about 2 per cent from April 1.
The National List of Essential Medicines includes more than 875 drugs, including antiretrovirals used for the treatment of diabetes, cancer drugs, hepatitis, high blood pressure, kidney disease, etc. Companies that are not part of the National List of Essential Medicines are allowed to increase their prices by up to 10 per cent annually. Currently, over 30 per cent of the pharmaceutical market is under direct price control.
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