India's alcohol market to reach $3bn by 2031; gov't aims to boost exports to $1bn under 'Make in India' initiative.

India's alcohol market is projected to reach $3 billion by 2031, growing at 6.5% annually, driven by rising incomes, urbanization, and changing attitudes toward alcohol. The government aims to boost exports to $1 billion, currently ranking 40th globally, with plans under the 'Make in India' initiative. Key exporters include UAE, Singapore, and Kenya. Diageo India will launch a single-malt whisky, 'Godawan,' in the UK, highlighting India's export potential in premium spirits.

September 04, 2024
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