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

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

editorji | Business

Reliance denies buying Iranian oil amid US sanctions waiver

editorji | Business

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

editorji | Business

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

editorji | Business

Govt announces seven measures to help boost exports