News dalla rete ITA

14 Agosto 2019

India

SPIRITS, CIGARETTES SALES IN INDIA DOWN AMID SPENDING SLUMP

The sales growth for beer and spirits fell by a third in April-June 2019 to 5% and 2%, respectively, compared to the previous corresponding period, while growth rates for cigarettes halved. Both the segments have been impacted by tax hikes and subsequent price increase. According to industry experts, economic slowdown and higher price lead to a slowdown in the pace of growth for the current fiscal. Sales volume improved in last three quarters due to stable taxation regime, but an overall economic weakness reversed the trend. (ICE NEW DELHI)


Fonte notizia: Economic Times