Beer industry added Rs 92,324 crore to India's GDP in 2023 : Report

In India, the beer sector supported 0.3% of the national employment. Out of the 13 lakh jobs being generated from the beer industry, 5.4 lakh jobs were directly created by brewers, while 7.8 lakh by those involved in downstream value chains like logistics, restaurants, retailers etc, the report added.

New Delhi: The beer industry contributed Rs 92,324 crore ($10.6 billion) to India's GDP in 2023, representing 0.3 per cent of the entire national share. This is part of the Rs 76.45 lakh crore ($878 billion) poured into the global GDP by the beer industry, says a recent report.

The study, conducted by Oxford Economics, on the economic impact of the brewing industry covered 185 countries including India.

"The study is a global overview of the industry’s contribution across the entire journey of the supply chain, from raw materials to the beer in consumers' hands, unraveling a sector that supports 3.3 crore jobs globally, including over 13 lakh jobs in India," a statement from the Brewers Association of India (BAI) said here.

"The Beer industry contributed Rs 92,324 crores ($10.6 billion) to India’s GDP, out of which brewers’ direct contribution stood at Rs 40,050 crore ($4.6 billion), with over Rs 52,239 crores ($6 billion) being contributed by the downstream value chain," the study claimed.

The beer sector contributed Rs 51,376 crore ($5.9 billion) in tax revenues through excise, sales taxes, other taxes, and taxes paid by the downstream value chain. This is 1.8 per cent of the government's total tax revenues.

In India, the beer sector supported 0.3 per cent of the national employment. Out of the 13 lakh jobs being generated from the beer industry, 5.4 lakh jobs were directly created by brewers, while 7.8 lakh by those involved in downstream value chains like logistics, restaurants, retailers etc, the statement added.

“Beer is entirely a local product. It is also a high volume product by nature and thus creates a massive multiplier effect on the local economy," said Vinod Giri, Director General, Brewers Association of India.