The Indian alcoholic beverage industry is projected to reach $64 billion in the next five years, making India the fifth-largest contributor to global market revenues. The industry currently represents 2% of the country's nominal GDP and contributes significantly to tax revenue and employment. The sector also has positive effects on related industries such as agriculture and tourism. An enabling policy environment and the recognition of the industry's economic contributions are crucial for its future growth and potential for exports.Chittaranjan Tembhekar
November 01, 2023 at 11:17PM
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