Whiskey on the table as Boris Johnson visits India

Updated : Apr 20, 2022 09:31
|
EJ Biz Desk

Indians love their Scotch whiskey and the UK Prime Minister wants to ensure that is cheaper for those in the subcontinent to drink it. One of the biggest demands from the United Kingdom is to lower tariffs on imported whiskey. 

India is the world’s largest whiskey market and the second largest Scotch whiskey export market by volume. Scotch whiskey is just 2% share of the Indian whisky market and the 150% import tax imposed on it is hampering the growth as per the Scotch Whiskey Association. 

Also read/watch | Crypto latest news: WazirX founders shift to Dubai

New Delhi, which is notoriously reticent about lowering trade barriers and was dubbed the "tariff king" by former US president Donald Trump, wants in return to make it easier and cheaper for Indians to obtain British visas.

So will there be a trade, Whiskey for Visas? One will have to wait and watch. 

Also read/watch | Netflix loses viewers for the first time in 10 years

Boris JohnsonWhiskey

Recommended For You

editorji | Business

Sensex Crashes 1,248 Points, Nifty Falls 1.64% Amid Global Cues

editorji | Business

Sensex, Nifty End Higher As Domestic Growth Signals, Softer Crude Support Sentiment

editorji | Business

UPI Payments In Uzbekistan: Indian Travellers To Get QR-Based Payment Option

editorji | Business

India’s Q1 GDP Growth Hits 7.8%, Beats RBI Estimate

editorji | Business

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate