The market for alcoholic beverages was expected to be worth USD 1.58 trillion in 2020 and is anticipated to expand at a CAGR of about 3.5% between 2020 and 2023. With a projected market size of USD52.5 billion in 2020 and an anticipated CAGR of 6.8 percent between 2020 and 2023, India is one of the fastest growing alcoholic beverage marketplaces in the world. Given this background, Neeraj Sachdeva, the director of Lakeforest Wines, provides an overview of the Indian alcoholic beverages market, highlighting market trends and contributions of the sector to the economy.
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