Nappies/Diapers/Pants in India - New Study Released
In March 2012, the excise duty on nappies was aggressively increased to 12% from 5%. On the other hand, the national government had halved the excise duty on nappies from 10% in March 2011. The hike in excise duty was partially transferred to end consumers by the majority of nappy manufacturers in India. There are approximately 27 million babies born per annum in India, enhancing volume-focused growth outlook for dominant and niche nappy manufacturers.
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