With the advantage of low drug prices, India has become the world's largest drug supplier and is known as the third world pharmacy. So, Why Are The Prices of Medicines so Cheap in India?Due to the high cost of drugs in mainstream industrialized countries, but the high demand for medical and health care,Therefore, many countries also have demand for cheap Indian generic drugs.

In this context, the Indian government has enacted the Patent Act. The patent stipulates that the Indian government only enjoys patent rights for the processing technology of food and medicine, but is not responsible for the patent protection of products, and allows the export of generic drugs to "non-manufacturing" countries.Driven by these policies, Indian pharmaceutical companies began to develop savagely, quickly encroaching on and overtaking the market share of European and American pharmaceutical companies.

A generic drug refers to a generic drug that is identical to the original drug in terms of dosage, action, and indications. Generic drugs contain the same active ingredients as the original brand drugs and are bioequivalent.And the dosage form, specification and route of administration are also consistent with the original research drug.

Since there is no R&D cost for generic drugs, it saves a long R&D cycle and a lot of costs. In addition, the labor cost in India is also very low, so Indian drugs are much cheaper than original drugs.At present, in the world pharmaceutical market, India has become the world's generic drug manufacturing center due to its price advantage.