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Indian Spirits Industry On A High
Jan 10,2007 00:00
by
Newsdesk
Even after strict government controls on advertising and manufacturing capacities, rising incomes and a young population has helped the Indian alcoholic drink makers to end the year on a high. India which was never considered as a serious contender for high consumption of alcoholic beverages has had sales growing by about 20% annually. Although India's beer consumption currently stands at about 0.7 litre per capita every year but is growing faster at over 8%. So it should not come as a big surprise if the growing Indian economic boom also includes a growing beer belly under its umbrella. Whatever might be the case but with high expected growth rates, the Spirits Industry is surely feeling a high. |