New Delhi: The contribution of the beer industry to the country’s GDP in 2023 was Rs 92,324 crore, a study has revealed.
Beer production sector contributes Rs. 92,000 crore to the country’s GDP
The beer manufacturing sector contributes Rs 92,000 crore to the country’s GDP. This is a significant contribution to the country’s economy. The beer manufacturing sector also plays an important role in employment generation and revenue generation for the government.
The sector also acts as a catalyst for many other economic activities. Sectors like agriculture, transport, hospitality and tourism benefit from beer production. Agricultural products like barley and wheat are required for beer production. This provides a steady income to farmers.
Moreover, beer manufacturing plants and related businesses provide employment to a large number of people. The government gets significant tax revenue from the production and sale of beer. This revenue is used for the development of the country.
Beer is an important aspect in the tourism sector. Many tourists like to taste beer. This helps in the growth of the beer manufacturing sector.
Therefore, the beer manufacturing sector is a major contributor to the country’s GDP. It contributes to employment, income and economic growth.
Contribution to GDP
Rs. 92,324 crore
Beverage producer contribution
Rs. 40,050 crore
Tax revenue
Rs. 52,274 crore
Contribution to total tax revenue
1.80 percent
Contribution to national employment
0.30 percent
Direct employment
5.40 lakh
Indirect employment
7.80 lakh
Total employment
13.20 lakh
Source: Oxford Economics
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