 "pharma companies")
Initiating the process to overhaul the drugs pricing mechanism in the country, the Narendra Modi government is now planning to impose price caps on pharmaceutical consumables.
By the end of this month, government is planning to introduce a new index for pharmaceutical products that will become the benchmark for prices of medicines. Drug price regulator National Pharmaceutical Pricing Authority (NPPA) revises these prices annually based on wholesale price index (WPI).
Jagat Prakash Nadda, Union Minister for Health and Family Welfare, confirmed to Business Standard that his ministry was looking at capping prices of consumables. He said pharma companies would not
