Industry executives said the structure of the tariff cuts, combined with the small size of India’s wine market, would limit competitive pressure on domestic producers. “If that is correct, then the domestic wine industry will not be affected at all because more than 80% of domestic wines will be below that cut-off," said an industry executive. India’s wine market still accounts a tiny fraction of overall alcohol consumption, and price cuts alone are unlikely to trigger a sharp rise in imports. Siddharth Suri, managing director, Moët Hennessy India, said, "The proposed India-EU free trade agreement could be a significant catalyst for premiumisation in India’s wine and spirits market. Shares of listed Indian wine makers, however, fell on Monday amid near-term investor caution.

Source: Mint January 28, 2026 07:05 UTC