India pips China to be No. 2 for Pernod Ricard

French drinks giant Pernod Ricard saw India edge past China to emerge as its second largest market by value and only behind the United States during the last financial year.

The maker of Chivas RegalAbsolut and Glenlivet also counted India as the third most profitable market displacing France — a development that could boost the country's lackadaisical profile in alcoholic beverage industry globally...

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