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Contribution of Non-alcoholic Beverage Sector to Indian Economic Growth and Atmanirbhar Bharat

Contribution of Non-alcoholic Beverage Sector to Indian Economic Growth and Atmanirbhar Bharat

          
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About the Book

Food Processing will be a key sector in meeting India’s goal of achieving inclusive growth as the country sets its vision for Amrit Kaal – India @2047. Non-alcoholic beverages are a key component of the food processing sector and the growth of this sector can make all its stakeholders, from farmers to small and medium producers, supply chain agents and consumers, a part of India’s successful growth story. India is the largest global producer of several raw materials used in manufacturing non-alcoholic beverages. Today, around 25 to 30 per cent of fruits and vegetables produced in the country are wasted in the supply chain. Beverage processing can help reduce this wastage, as it has in several other countries. The government has introduced schemes like Mega Food Parks and Production Linked Incentive Scheme and several start-ups with innovative products have come up in the non-alcoholic beverages sector. Yet, domestic production is below potential and that of other developing countries in the ASEAN region, and exports are low. This report aims to understand the contribution of the non-alcoholic beverage sector towards the Indian economy, examine its strengths and best practices, identify challenges and suggest a way forward to make India one of the world’s leading beverage processing hubs. The report is based on a review of global policies and best practices, secondary data and information analysis, and a primary survey of different supply chain agents, including farmers, companies, contract manufacturers and logistics providers. The report for the first time brings forward a detailed study of the tax regimes of different countries and India’s own GST regime to understand how taxes can impact the growth of the sector. Global studies show that high taxation, in the absence of complementary reforms, will not lead to positive health outcomes and can be regressive, with the tax burden falling disproportionately on lower income groups. It could also inhibit growth...


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Product Details
  • ISBN-13: 9789332705920
  • Publisher: Academic Foundation
  • Binding: Perfect
  • No of Pages: 105
  • ISBN-10: 9332705925
  • Publisher Date: 2022-05-28
  • Language: English


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