Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Petrol Diesel Prices
Char Dham Yatra
Gyanvapi Mosque
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / India: One of the top importers of Scotch whisky
India

India: One of the top importers of Scotch whisky

India: One of the top importers of Scotch whisky
Written by Supriya
Sep 17, 2016, 06:36 pm 2 min read
India: One of the top importers of Scotch whisky

The Scotch Whisky Association (SWA) revealed that for the first time since 2013 there was an increase in Scotch whisky exports and it was attributable to a massive increase in consumption in India. India now holds the distinction of being the third largest importer of Scotch. There was a humongous 41 percent increase in sales volumes; India now trails only France and the U.S.

Do you know?
Scotch Whisky

Scotch is a term used for 'whisky created from malted barley' created through a legally specified process. The process originated in Scotland and bottlers outside the country are only permitted to use it as a constituent in local spirits after a verification process.

Key reasons
What's driving up Scotch consumption?

Given India's massive potential, top brands like Glenfiddich and Macallan have aggressively promoted their range of spirits in India. Rosemary Gallagher of the SWA believes, "People are getting more educated. They are willing to buy more expensive whiskies." She added, "People in India are also becoming more knowledgeable about Scotch and are willing to try a wider range of brands, including Single Malts."

Comparison
India vs. other top importers

Across the world, a total of 533 million bottles were exported in 2016. 41 million bottles at a total cost £42.6 million were imported by India alone and these numbers are post a 41 percent increase in sales compared to 2015! France imported 90.9 million bottles, more than twice India's imports and the US imported 53.1 million bottles, a drop of 3 percent.

What is expected?
Scotch Whisky: Future Trends

After a phenomenal decade, whisky exports had declined when emerging markets began to experience a slowdown. 2016 witnessed an improvement in Scotch exports that suggested a robust consumer demand globally. Post-Brexit, UK's currency fluctuations benefited Scotch exports in the short-term. However, uncertainty over Brexit's modalities may cause challenges for exporters as it may no longer be able to enjoy benefits from the EU-trade bloc.

Why?
Scotch majors' India hopes

The increase in Scotch exports to India are despite 150 percent of import-duties. There's tremendous scope for growth if import-tariffs are relaxed as India accounts for only 1 percent of total spirit. Large alcohol industry majors are pinning their hopes on India due to rapidly increasing number of legal drinkers. The SWA is keen on a new trade-agreement with India in a post-Brexit world.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Supriya
Supriya
Mail
#GrammarNazi #TravelerAtHeart
Latest
India
United States of America
Latest
Pagani C10 spied testing; to be unveiled this September
Pagani C10 spied testing; to be unveiled this September Auto
Geek Pride Day: 5 signs you are a geek!
Geek Pride Day: 5 signs you are a geek! Lifestyle
Volkswagen Touareg EDITION 20 breaks cover: Check features
Volkswagen Touareg EDITION 20 breaks cover: Check features Auto
National Senior Health & Fitness Day: 5 senior-friendly physical activities
National Senior Health & Fitness Day: 5 senior-friendly physical activities Lifestyle
2022 French Open: Simona Halep and Paula Badosa advance
2022 French Open: Simona Halep and Paula Badosa advance Sports
India
Centre reconstitutes Inter-State Council; Modi to be chairman: Details here
Centre reconstitutes Inter-State Council; Modi to be chairman: Details here India
Monkeypox: Maharashtra, Tamil Nadu, Rajasthan prepare to fight against virus
Monkeypox: Maharashtra, Tamil Nadu, Rajasthan prepare to fight against virus India
PM Modi meets Japanese IT giant head, discusses investment opportunities
PM Modi meets Japanese IT giant head, discusses investment opportunities World
Pakistan commits to fighting terrorism, seeks 'balanced ties' with world
Pakistan commits to fighting terrorism, seeks 'balanced ties' with world World
10,000 people stuck as Rishikesh-Yamunotri Highway safety wall collapses
10,000 people stuck as Rishikesh-Yamunotri Highway safety wall collapses India
More News
United States of America
Afghan women TV hosts cover faces after Taliban's diktat
Afghan women TV hosts cover faces after Taliban's diktat World
'Concerned' WHO expects more monkeypox cases globally
'Concerned' WHO expects more monkeypox cases globally World
Was the March crash of China jet deliberate? Details here
Was the March crash of China jet deliberate? Details here World
New York: 10 killed in 'racially-motivated' shooting, suspect arrested
New York: 10 killed in 'racially-motivated' shooting, suspect arrested World
National Apple Pie Day 2022: History, celebrations and more
National Apple Pie Day 2022: History, celebrations and more Lifestyle
More News
Next News Article
Next News Article

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022