INDIA’S TOBACCO SECTOR IS STILL A GIANT, DESPITE ATTACKS ON SMOKING BY ITS GOVERNMENT
April 1st, 2009
BY RAGHAVENDRA VERMA
INDIA'S US$12.4 billion annual turnover tobacco industry is passing through a difficult period, with little hope for a better future, despite its continued large size - this estimate coming from the Tobacco Institute of India for sales of all tobacco products, chewing tobacco and beedis. For two consecutive years the country's cigarette market has shrunk, and high taxes along with overall restrictive policy of the central government against tobacco smoking has spread pessimism throughout the industry.
"Though it is a big contributor to ...
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