alcoholic beverages exports: Export of India-made spirits expected to surpass USD 1 billion mark
The export of spirits manufactured in India is expected to cross $1 billion mark soon. Speaking on the subject, Agrawal stated, "Global market of alcoholic beverages stands today at USD 130 billion and Indian exports of these products was USD 325 million in 2022-23. As the global demand for Indian spirits is growing, we expect that in a few years exports of Indian spirits will cross USD 1 billion. In our negotiations for a free trade agreement with the countries we are trying to get duty concessions for Indian spirits".
Source: indiatimes.com