India–UK FTA to cut Scotch tariffs from 150% to 75%, prices may drop 5–10%
The India-UK free trade agreement, effective 15 July, halves import tariffs on Scotch whisky and gin from 150% to 75%, falling to 40% over 10 years. Retail prices could ease 5–10% (₹3,888 to ₹3,499–3,694), with effects varying by state and rollout expected 6–12 months post-implementation.
India-UK FTA cuts Scotch whisky/gin import tariffs from 150% to 75% (then 40% over 10 years), potentially lowering retail prices 5-10% for Indian consumers, with effects varying by state and rollout expected 6-12 months post-implementation.