Source: Reuters (via feed)
The Iran war has led to an 11% increase in bottled water prices in India. This rise follows a surge in prices for plastic bottles and caps. The increase has erased the effect of a lower water tax rate. This tax cut was announced by Prime Minister Narendra Modi a few months ago. The price changes are linked directly to packaging cost increases.
BizTrendWire Insight:
Bottled water prices in India rose 11% due to increased costs of plastic bottles and caps. The recent tax cut on water was offset by these cost increases.
Bottled water prices in India rose 11% due to increased costs of plastic bottles and caps. The recent tax cut on water was offset by these cost increases.
