Munich Personal RePEc Archive

National Drug Policy Face-off: Some Notes Justifying the Regulations and Drug Price Control Regime in India

Motkuri, Venkatanarayana and Mishra, Rudra Narayana (2018): National Drug Policy Face-off: Some Notes Justifying the Regulations and Drug Price Control Regime in India.

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Abstract

This is an attempt in examining and carrying out the discussion and debate on regulations and prince control in pharmaceutical industry in the Indian context. Herein the above discussion presented the perspectives of the industry and the welfare of the poor population along with alternative options. Given its critical nature in existence of human race while protecting, maintaining and restoring health of human being, regulations on pharmaceutical industry are needed to ensure safety, quality and effectiveness of drugs they develop and produce. As pharmaceutical industry involved with the phenomenon of Induced-demand and it is one of the industries where the price competition may not be prevailing, hence price controls on certain essential and life-saving drugs are needed especially in the Indian context.

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