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India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices

The revised tariffs will apply to both bottled-in-origin (BIO) and bulk imports

Britain's Prime Minister Keir Starmer welcomes Indian Prime Minister Narendra Modi at Chequers near Aylesbury
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Britain's Prime Minister Keir Starmer welcomes Indian Prime Minister Narendra Modi at Chequers near Aylesbury, England, Thursday, July 24, 2025. | Photo: Reuters

Akshara Srivastava New Delhi

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The India-UK free trade agreement (FTA), under which tariffs on whisky and gin have been halved from 150 per cent to 75 per cent, which will further fall to 40 per cent in a decade’s time, will not necessarily impact prices of Scotch whisky and gin for Indian consumers.
 
According to a May 2025 report from the International Wine & Spirit Research (IWSR), blended Scotch grew the strongest of all the large whisky categories in India in 2024, with volumes rising by medium single digits and sales more than doubling since 2020.
 
India is known to be a whisky market,