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flag UK whisky and gin tariffs drop in India, potentially boosting trade by $6.45B annually.

flag The India-UK Free Trade Agreement will reduce UK whisky and gin tariffs from 150% to 75% immediately, with further reductions to 40% over a decade. flag This will modestly lower retail prices, as import duties currently only make up 10-15% of the total price. flag The deal is expected to boost trade by $6.45 billion annually and attract $8.08 billion in investment. flag Despite the tariff cuts, the impact on prices will be limited due to state taxes and other costs. flag India is already the largest Scotch whisky market by volume, and the agreement aims to further integrate the UK spirits into the Indian market.

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