Will cheaper Scotch transform India's whisky market under the new India-UK trade pact?

Indian premium whisky makers are hopeful that duty concessions on Scotch imports under the recently signed India-UK free trade agreement (FTA) will help improve their profit margins and fuel growth. The deal, which cuts customs duties on UK whisky and gin from 150% to 75% immediately, and to 40% over the next decade, is expected to make premium spirits more affordable in the world's largest whisky market.

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