I think I should be posting in this thread
I am a Pharmaceutical research scientist..
Why Indian Medicine are cheaper compared to western one
1. Indian companies produce generic version of branded products hence resulting in about 1/10th of the branded innovators cost.
2. Indian pharmacist are not paid as that handsomely as the western one in the organisation, resulting in cost cutting.
3. We Indians work tremendously.. If you see the work hours per day in total irrespective of Industry, we are second highest hour per day calculation after Japan.
4. China has a very good contribution to the Indian products. Their raw materials are supplied at a very cheap cost, resulting in very less manufacturing cost.
5. We don't have to go for full forth clinical trial being a generic producer. In-Vivo Bio-equivalence study is enough.
6. Cost of labour is quite less compared to western nations.
7. Facility maintenance and machines manufactured at India for formulating the dosages are very cheap compared to western manufacturers..
8. We need business, hence we keep cost at very low level..
Regards