India's beer industry holds long-term growth potential: Report

NEW DELHI: Beer sales in India are expected to see an annual growth of 7.5 per cent over the next five years despite regulatory hurdles, as rising disposable incomes in the hands of middle class will lead to higher spending, says a report. Despite regulatory obstacles as licensing restrictions, high localised taxes and a nationwide ban on advertising of alcoholic drinks, the industry would have investments from the domestic and foreign beer makers, said BMI Research in its "outlook for India's beer market" report. "We believe India holds significant long-term...
11 Published By - The Economic Times - 2017.01.09. 15:08
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