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Cost of generic buspar was estimated to be as high Rs.2.65 lakh crore at an average price of Rs.7,100 per litre. However, the Finasteride for hair loss evidence report stated that government could not possibly afford to pay such high cost for generic buspar, while admitting that there was "a high possibility of a low cost option being available over the next 5–10 years, that too in the private sector." Also read| Why Is India So Expensive For Cheap Drugs? The government's attempts to improve drug expenditure on the one hand and to improve the efficiency of Indian generic drug chain on the other hand also appear to have created friction with the large drug companies. government has recently imposed a 2.2 per cent import duty on US food items, leading to food, clothing and personal care goods, including medicines, which are exported from India, being priced higher, on all import bills. Similarly, the government has increased taxes and levies on pharmaceutical companies, imposed more penalties on them if they fail to pay them on time. As an alternative the Indian government has allowed for the import of generics, as prescribed by the Organisation for Economic Co-operation and Development (OECD), as was the case with food items, government is seeking to import them in large volumes on a very scale in bid to reduce prescription charges which are high in relation to the revenue they generate. problem is that generics are not available in large quantities for the Indian healthcare sector, and in any event generics are a luxury product in Buspar 10mg $41.29 - $0.46 Per pill the pharmaceutical industry. "The cost of making a generic drug is lower than the cost of manufacturing branded pharmaceutical" a US company executive told trade meeting earlier this year. "The cost difference between generics and brand name products is one of the reasons why India does not export drugs," and he is correct. The current position Indian generic drug industry has been facing problems for quite some time. The pharmaceutical industry has been in a severe cash crunch, especially regarding the manufacturing of generic drugs in the country. Last year, the government had allowed pharmaceutical industry to go a step further by implementing its National Drug Pricing Action Plan (NDPAP) in India. Under this plan, the government has allowed for import of generic drugs, under a scheme called the 'Special Access Scheme', in a quantity of up to 2 per cent of the total imported drug product. While the government has made an open call to the pharmaceutical corporations who had made over Rs.80,000 crore worth of import deals and the foreign pharmaceutical firms who had invested Rs.11,200 crore, to continue their efforts for the development of India's generic drug industry, few large companies are willing to take the initiative as they are deeply involved in Indian sales. the absence of a large and sophisticated Indian generic drug manufacturing industry, some foreign multinationals such as Pfizer are unable to sell generic drugs for the high Indian prices to consumers as they find it difficult. Pfizer had decided to shut down a significant factory in the country this year and move its entire plant out of India, citing the high cost (Rs.19,000) drug store online shopping canada in manufacturing generics. Read| How Government Can Make Cheap Generic Drugs In India Despite its efforts to bring the cost of generic drugs down, India has not been able to reduce the cost at which drugs are imported for manufacture in India. The government has been able to lower the cost of generic drugs in India by allowing the industry to manufacture drugs at low volumes. The government has also enabled generic drug manufacturers by allowing the import of a portion production cost and thereby allowing the producer to reduce production cost of the finished product. At same time, the manufacturers face high costs arising from import duty, transport cost and marketing of branded products. What is the rationale of high import tax? Is the Indian healthcare sector so economically weak, if companies can produce cheap drugs for half the cost in other regions of the world by importing them from India? A former health secretary of the government Germany, Arindam Chaudhuri, in an interview with Quartz said India's high import tax was the result of a combination two problems. First of all, the Indian population has to pay high import prices. This is because the manufacturers had to produce drugs where the quality was bad, so they could only compete with low cost medicines from other countries. "The quality of drugs in India would be much lower than in South Korea where the drug costs are much lower," said Chaudhuri. The second reason for high import prices is not that India lacks doctors and hospitals. It is that a few drugs were not manufactured in India and were smuggled into the country for manufacturing. "India is the biggest import fraud in world," said a Erythromycin to buy online senior government official. "We are the biggest producer from country of drugs that are not manufactured here." The government believes that it.

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