SRINAGAR: Starting next month, the prices of necessary medications, such as painkillers, antibiotics, and anti-infectives, will begin to increase by over 12%.
The decision made by India’s drug pricing authority will affect over 800 drugs listed as essential medicines. This increase is the highest on record since the implementation of the Drugs (Price Control) Order in 2013.
Additionally, this is the second consecutive year that the Wholesale Price Index has surpassed the non-scheduled formulation’s annual permissible price increase of 10%. While a pharma lobby group had requested a 10% immediate increase for scheduled formulations and a 20% increase for non-scheduled drugs, the decision rests with the government.
