- 15 %
Cheap generic drugs, Indian Pharmacies are the place to be.
The difference in price is the main reason an increasing number of people are choosing to buy their generic drugs from Indian pharmacies. Not only are the prices vastly lower in India, but they are also safe to use and hassle free to obtain.
Why are pharmaceutical prices in India so much lower than in the rest of the world?
Anyone who earns a stronger currency than the Rupee can benefit from India’s pharmaceutical prices. While the prices are appropriate in consideration to the GDP per capita in India, those benefitting from the higher buying power of a stronger currency will find the prices to be lower than their home nation
What’s more is that the Indian government has put much emphasis on the research and development of these generic brands, which further drives the prices down. The 1970 patent act that was the result of a highly influential study carried out by India’s government lead to the creation of these generic drugs. While the United States continued to hold tight patent protections, it was now legal in India to create their own versions of these drugs with the stipulation that their methods be slightly dissimilar. This act permitted the development and distribution of generic drugs without warranting the practice of vastly exclusive patent branding.