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The Indian spirits industry experienced a slowdown in demand to 2.2% in the quarter ended September, reversing a 7-15% growth trend over the past two years. The industry's growth was impacted by lower sales of mass-priced products, increased taxes, and a high base. Whisky remained the largest segment, accounting for two-thirds of overall spirits demand, growing 3.2% on a high base between July and September.

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