Scotch Whisky

The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes

India has overtaken France to become the UK's largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022 over the previous year, according to the latest figures released by Scotland's leading industry body. The Scotch Whisky Association (SWA) revealed on Friday that India imported 219 million 70cl bottles of Scotch compared to France's 205 million last year representing growth of the Indian Scotch market of more than 200 per cent in the past decade. As one of the key sectors of focus for the UK in the free trade agreement (FTA) talks with India, now in their seventh round of negotiations, SWA pointed out that the hike in volume still makes up only a fraction of the Indian whisky market due to high tariffs. Despite double-digit growth, Scotch whisky still only comprises 2 per cent of the Indian whisky market, the association said. SWA analysis shows that a UK-India FTA deal which eases the 150 per cent tariff burden on Scotch whisky in India could

The rise was the sharpest in premium products with their portfolio now accounting for a fifth of all the whisky sold in India

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

Delhi is set to return to the old liquor excise policy regime, which includes opening 300 new liquor shops, and four microbreweries in the city

USL will retain McDowell's and Director's Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.

The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost

India is committed to an FTA with the UK and it will also be good for Commonwealth countries, he added

The Macallan 1926 60-year-old single malt from cask number 263 had been expected to sell for up to £450,000

Data published by the Scotch Whisky Association this week, exports to India increased by 44.4% to over GBP 56 mn followed by China, which was up by 34.8% to GBP 36.3 mn

Scotland, the world's biggest whisky seller, exports more than 1 billion bottles a year

Ten years ago there were only 3 distillers in Tasmania. Now there are 22, and with sales growing by more than 50% in the two years to June 2015

Scotch whisky exports rose 3.1% in the first six months of 2016

The industry body also called on urgent action from the UK government to help realise the full potential of the Indian market