🧵 1. India's beer industry holds untapped potential for economic growth, despite low consumption rates compared to spirits. High taxation on beer is a major hurdle. #business
🧵 1. India's beer industry holds untapped potential for economic growth, despite low consumption rates compared to spirits. High taxation on beer is a major hurdle. #business
🧵 2. Oxford Economics study reveals that with strategic planning, India's beer industry could double its contribution to GDP without increasing overall alcohol consumption.
🧵 3. India's beer industry supports the agricultural chain from farmers to distributors. By growing beer consumption, millions of jobs can be created, boosting economic growth.
🧵 4. Challenge ahead: Addressing illicit alcohol consumption in India. Collaborative efforts needed to tackle this issue to triple per capita beer spending and enhance economic growth.
🧵 5. Tackling illicit alcohol market in India can generate additional $36 billion for the economy and create nearly 5 million new jobs, primarily in rural areas.
🧵 Read more at: https://www.financialexpress.com/business/industry-untapped-potential-how-indias-beer-industry-can-fuel-economic-growth-3527751/