The India book market remains “a giant in slumber” as new taxes hit imports amid rising paper prices

In an ill-considered move aimed at protecting the domestic publishing industry, the Indian government has imposed a 5% tax on imported paper books. Finance Minister Nirmala Sitharaman announced the new duties on Friday (domestic print books remain zero-rated) to a dismayed audience of publishers and publishing stakeholders. The tax on uncoated and lightweight paper was Read More …