How fast is the Indian wine market growing? What is the rupee value of the Indian wine market?
Between 1998 and 2003, the Indian wine market, in volume terms, grew at a compounded annual growth rate of 20% per annum on a narrow base. In value terms, it grew by 25% per annum. The rupee value for the wine market is pegged at INR 2.6 billion (50 million euros approximately at current exchange rates).
