Low cost generic medicines and its socio-economic impact –an empirical study in India
Author - Alok Srivastava | Published - 2025
Rising healthcare costs, particularly on medicines, are a big worry for low and middle-income economies like India. The research paper based on an empirical study highlights the extent of savings due to purchasing low cost generic medicines and its socio-economic impact at the household level. The research used the Quasi-experimental design and mixed methods approach for a comparative analysis. Households purchasing generic medicines saved around 40% on medication cost.