The Brexit outcome has changed the playing field for the Scotch industry both at home and overseas, even as Scotland still weighs possibilities of remaining in the
EU. Speaking exclusively to Ambrosia, the Scotch Whisky Association Chief Executive,
David Frost, said that as far as India is concerned and in light of the hitherto protracted
EU-India Free Trade Agreement, a lot now depends on how soon the UK can negotiate
with India on its own free trade deal up ahead.
Lower GDP could be bad news for the liquor industry. It is likely to effect organic growth. With the liquor industry kept out of the ambit of GST, market cap of the industry is also being affected. Besides prohibition policies could also take its toll on the industry.