The Indian pharmaceutical industry is growing at a rapid rate. India stands 3rd in the world as far as market size and sales volume. With this growth, there are many challenges that arise for Indian pharma companies, whether it be success of their products in the international markets or dealing with constant price hikes from domestic suppliers. The prices of drugs in India have been on the rise in recent years, and this has been a challenge for many patients. There are a number of factors that have contributed to this trend, including an increase in the cost of raw materials, shortages of certain drugs, and a lack of competition in the market. Patients often find themselves caught in the middle, as they cannot afford to pay the high prices for their medication but also cannot go without it. This can be a difficult situation to navigate, but there are some steps that patients can take to try to manage the costs. First, it is important to understand why drug prices are rising in India.
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