U.S. pressing India to avoid capping medical device prices, allow withdrawals
The government has equated high margins charged for some medical devices with “illegal profiteering”. In some cases these margins can exceed 400 percent.
The United States has been increasing pressure on India to revise its stance on price caps for medical devices. A person familiar with the matter said assistant USTR Mark Linscott and his delegation last month conveyed their concerns to Indian trade officials in New Delhi.