The price of alcohol in India varies from state to state. In some states, alcohol is available quite cheaply, while in some states its price is very high. Recently, the price of alcohol has increased drastically in the state of Karnataka, making it the most expensive state in the country.
Why did liquor prices increase in Karnataka?: The Karnataka government has recently increased the excise duty on liquor by 20%. This has had a direct impact on the prices of liquor, especially the prices of premium brands have increased significantly. The state government says that this will give them additional income and will also curb alcohol consumption.
Why are liquor prices rising?: There are many reasons behind the rise in liquor prices. The first reason is the increase in excise duty by the state governments. Governments increase tax on liquor to increase their income. The second reason is inflation, which increases the production cost of liquor manufacturing companies. Apart from this, the prices of liquor can also increase if the demand for it increases.
What is the situation in other states?: Apart from Karnataka, Tamil Nadu and Maharashtra are also expensive states in terms of liquor. In these states too, the governments impose high taxes on liquor, which increases the prices. On the other hand, in states like Goa, the prices of liquor are quite low. Therefore, people often prefer to go to Goa and buy cheap liquor.
What happens when alcohol prices increase?: The increase in alcohol prices directly affects people. When alcohol is expensive, many people reduce its consumption. At the same time, the business of illicit alcohol can also increase, as people resort to illegal sources in search of cheap alcohol. Although the government gets good income from this, it also has different effects on society. Overall, the increase in alcohol prices can become a source of income for the state governments, but its social and economic effects cannot be ignored.
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