The Indian Beverage Industry Has Transformed To ”Made in India for The World
New Delhi, May 01, 2024.
A substantial rise in the disposable incomes of Indians has led to an immense growth of the alcobev sector in the country. According to the International Spirits & Wines Association of India (ISWAI), the alcobev industry in India is poised to touch $64 billion by 2030.
The sector also offers direct and indirect employment to a staggering 79 lakh individuals in India, according to a report, ''Economic Value of the Indian Alcoholic Beverage Industry'' by ISWAI.
The country's burgeoning middle class is also fuelling significant premiumisation in the sector as demand for premium liquor is surging. In addition, according to experts, Indian alcobev producers have not only addressed the colossal domestic demand but have also marked a significant global presen...
