‘India to be exciting beer market in 3-5 years’

News Snapshot:

Despite beer’s global popularity, its consumption in India remains modest compared to its population, remaining below 350 million cases a year. Kartikeya Sharma, India president of Anheuser-Busch InBev or Ab InBev, the owner of brands such as Budweiser, Hoegaarden and Corona, said this could change if states focus on taxing beer the “right way". The company expects India to evolve into a well-entrenched beer market over the next three-five years if the laws support its growth. Edited excerpts: Has the business in Asia grown, and is India growing in tandem with that? Asia Pacific has the fastest growth rates for...