News
Whiskey curries favour in India
By Marinel FitzSimonsOf the 6,700 million litres of alcohol sold annually through authorised channels in India, an astounding 80% of that is whiskey, according to a report by the Associated Chamber of Commerce and Industry in India (ASSOCHAM).
In terms of what is being drunk, despite Indian’s impressive whiskey production (the country produces 70% of all liquor in South East Asia), the preference appears to be for imported brands.
A sizeable – and growing – middle class, along with an increase in consumer spending, urbanisation and a steady economy, not forgetting relaxed laws on international trading, have created a healthy and fertile environment for growth of the sector.
Unfortunately this is not all good news as the report also highlighted an increase in the number of young drinkers; “Almost 45 per cent of 12th graders in metropolitan cities in India excessively consume alcohol and teenage drinking has risen by a whopping 100 per cent during the course of last 10 years”.