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Pune: India's wine industry is seeing flat or declining sales as deep post-pandemic discounting squeezed margins and inconsistent marketing spends by wineries failed to capture younger patrons. Also, heavy price promotion is now a routine practice in the trade even as consumers shift to white spirit cocktails, and ready-to-drink (RTD) beverages. "This has been a very unfortunate characteristic of the Indian wine market over the last few years, indiscriminate and unsustainable, and I would say, ...Read More >
India's popular gin and tonic trend is fading. Vodka and tequila are now leading the market. Gin sales have dropped significantly this year. This shift affects both established brands and newer craft gins. Consumers are exploring different spirits. The gin market faces challenges with brand loyalty and competition. Major companies are entering the gin space through acquisitions and new launches. Vodka and tequila have left India's once-boisterous gin-and-tonic party rather shaken and stirred. ...Read More >
New Delhi: India and the UK are likely to formally sign a Free Trade Agreement (FTA) next week with the final legal review of the pact currently underway. Both nations had reached the agreement in May. India expects 99% of its exports to the UK to have duty-free access. It also expects the FTA to open up significant export opportunities for labour-intensive sectors such as textiles, marine products, leather, footwear, sports goods and toys, and gems and jewellery, as well as engineering goods, ...Read More >
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