Is the concept of generic medicines new in India?

Last updated on September 26th, 2024 at 04:53 pm

The concept of generic medicines is not new in India. In fact, India has a long history of producing and exporting generic medicines, and the country is often referred to as the “pharmacy of the developing world” due to its large and diverse pharmaceutical industry.

In India, the use of generic medicines has been encouraged as a means of increasing access to affordable and effective treatment options. The government has implemented various measures to promote the use of generic medicines, including price controls and incentives for healthcare providers to prescribe generic medicines.

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