News > High tax holding back carbonated soft drinks segment in India, says think tank
High tax holding back carbonated soft drinks segment in India, says think tank
06/10/2024 12:38 PM | Click to read full article
"The high tax of 40%, irrespective of sugar content, is making it difficult for innovative firms to come up with low-sugar varieties and scale up and existing firms to invest in product reformulation," the ICRIER report said. Citing cross-country comparative data on SSB taxes collated by the World Bank, the report said India has one of the highest tax rates for CSDs at a total tax rate of 40% as of 2023. The Indian CSDs market is relatively small.