India-UK trade deal to make imported Scotch whisky cheaper: Prices may drop 5-10% for Indian consumers

The India-UK FTA is set to come into effect on 15 July. One of the biggest takeaways for Indian consumers is the gradual reduction in prices of imported Scotch whisky and gin. Under the agreement, tariffs on imported whisky and gin will be cut from 150% to 75% initially and further reduced to 40%.