Will the alcohol industry in India say ‘cheers’ to Budget 2017?
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The government’s plan on alcohol is clear- drink as much as you want but pay the bill. While it may sound odd, alcohol itself is a great revenue generator for the exchequer. Believe it or not, most state governments’ budgets are nearly 20% funded by alcohol sale. This is one commodity in India that is consumed by both urban and rural populace.This budget may help every Indian to own a car: Read
In 2015, with 0.2% growth rate, alcohol sector has seen the slowest growth after ages. 2016 wasn’t really a good time for most of the alcohol brands. First there was the sluggish growth. Then the next blow was served by the
While Gujarat,
Alcohol manufacturers’ hub
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However as mentioned earlier, several factors affected the industry big time.
Here is the list of factors that paralyzed the industry last year
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