The cost of essential medicines, such as pain relievers, anti-infectives, antibiotics, and cardiac drugs, is set to rise by 12% beginning April 1. The National Pharmaceutical Pricing Authority made a decision in this regard (NPPA).This decision comes as a result of the government's decision to increase the prices of drugs to ensure their availability to all.
The pharmaceutical industry has been facing a lot of challenges in recent times. Due to the COVID-19 pandemic, the demand for medicines has increased manifold, and the supply chain has been disrupted. This has led to a shortage of essential medicines, and the government has been working hard to ensure their availability.
The increase in prices, however, may not be welcomed by consumers, who will have to bear the brunt of the hike. The government has assured that prices will remain reasonable and affordable to all.
In conclusion, the decision to increase medicine prices by 12% from 1st April has been taken to ensure the availability of essential medicines to all. While this may cause some inconvenience to consumers, it is expected to provide much-needed relief to the pharmaceutical industry and help it meet the rising demand for medicines.
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