Govt withdraws customs exemption on 74 drugs, prices to rise

[Guynextdoor2]

"Indian drug companies are perfectly capable of manufacturing these drugs for our domestic market. In fact, many of the companies are already doing it and exporting it to countries like the US as there is no excise duty. Therefore, the patients will not be affected as retail price increase for any drug is highly unlikely. If there is an increase, it would be marginal," said M S Mani, senior director at Deloitte in India.

What am I missing here, do tell.

Now read this with the next paragraph for the full picture. NOT THAT DIFFICULT . You still sticking with your stand Bhakt?

 

[IndoCarib]

The pill that costs $9,000 in US sells for $70 in India - Times of India

 

[Guynextdoor2]

The pill that costs $9,000 in US sells for $70 in India - Times of India

Loll!! Bhakt thinks this is because of Modi.

 

[IndoCarib]

Loll!! Bhakt thinks this is because of Modi.

Definitely not.

But Modi govt did take a step to reduce prices of essential medicines.

Government Reduces Prices of 509 Essential Drugs