The impact of bilateral negotiations between Prime Minister Narendra Modi and US President Donald Trump is now seen. India has reduced the import duty on American Bourbone whiskey from 150 percent to 100 percent. That is, the tax has been reduced by 50 %. India has taken this step at that time. Before meeting Modi, Trump criticized high taxes in South Asian markets.
This photo is symbolic
Borbon Whiskey America
Regarding tariffs, US President Donald Trump said India is charging more tax than any other country. He gave an example of Harley Davidson. In this regard, he said that Harley Davidson had to set up a production plant in India due to high taxation in India. So that he does not have to pay tax. In such a case, it is important to know why India reduced the tax on Bourbon whiskey. What is the history of this bourbon whiskey and how big it is …
The United States is the main exporter of Borbon Whiskey, and about a quarter of its imports in India comes from the United States. India imported $ 2.5 million Bourbon whiskey in 2023-24. Washington and New Delhi have doubled bilateral trade by 2030 to $ 500 billion. It also includes reducing fees and increasing access to markets. In this case, India has taken this step to increase the popularity of this whiskey and its access to the market.
Hermit
Bourbon whiskey is America’s only indigenous alcohol, made from corn, wheat and malt. It contains about 51 percent of corn. The popularity of this whiskey in the United States can be estimated from the fact that in 1964, the US Congress declared Bourbon Whiskey as a “special product of America”. In America, it is not just a alcohol but it is viewed from the point of view of culture and a unique product. Talking about Bourbon, it is kept in a new white oak barrel to make it old. The interior of the barrel is heated and then the wine is filled and kept for longer. In addition, no colors or taste can be added to the bourbone whiskey.
History over 200 years old
Bourbon was first built in the Bourbon County in the state of Kentucky, USA in the 1800s. Although this whiskey is now made in many places, its specialty cannot be tampered with. It is chosen all over the world.
Whiskey is prepared this way
To prepare it, first corn and other grains are crushed, then mixed with water and ‘mesh’. Then the mixture is heated and the yeast is added to it and its fermentation process is carried out. After fermentation, it is distilled up to high alcoholic material. There are several types of borbon whiskey. Which varies depending on its quality and age. This is a bourbon that remains older in oak barrels for at least two years. No taste or color is added to it. In this series, the bourbon is made in a small batch, which allows for good quality and taste control. So single barrels, in this series, the bourbon is extracted from the same barrel and each barrel has its own uniqueness.
How big this whiskey market?
In 2023-24, the United States exported US $ 2.5 million Bourbon whiskey to India. Borbon is also in great demand in countries like the European Union, Canada and Japan. The main reason for the increase in bourbon exports is its unique taste and quality. In addition, exports to Bourbon whiskey are an important part of the US economy. In 2019, the total export of the American whiskey industry was about $ 1.3 billion, with Bourbon at the forefront.
