Corona Virus Tracker
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As coronavirus wrecks havoc at 70 nations in the globe with over 3,000 deaths reported worldwide, India has remained relatively unharmed. With two recent cases reported present, one in the country's capital and the different at Telangana, The overall number of Indian patients has now gotten up to five — the trivial score when one considers our locality and close business ties with Taiwan, this hotbed of this epidemic. Robert Subbaraman, chief economist in Nomura, stated there might indeed be one element that has kept India mostly unaffected by this threat. While nearly all of Asia would be the sitting duck, india's influence levels to the virus' system fallouts would be lower, he noticed. According to Subbaraman, this fact is india's unwillingness to join the China-led Asian supply chain that may have played the part in maintaining india's influence to the limit.
We quote, "Since its launch about four years ago, the company has managed about a 5% share in key markets despite the dominance of Kingfisher, AB Inbev’s Corona and Budweiser, and Carlsberg. “We expect to break even in India business in FY21," said Ankur Jain. The beer segment expanded 6% to 2771.5 million litres in 2018, according to GlobalData forecast. But India still favours strong beer brands that have an 80% share, and global companies have been producing stronger variants of their flagship beer brands, a segment where Bira has no presence at all. B9, informs Sagar, wants to expand geographic footprint to cash in on rising popularity of craft beer and quotes Jain who says, "We are still not active in many geographies, but we expect to expand in the upcoming fiscal on the back of new capacity and a mass market product that we will be launching this summer." Unquote. While Bira has a 30% higher price tag compared to Carlsberg and Budweiser, its ale or blonde lager still costs less than half of the imported brands, we learn.
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