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Is India puffing less?
May 27, 2015

"Giving up smoking is the easiest thing in the world. I know because I've done it thousands of times." - Mark Twain. While this quote may make it seems as if smokers will never be able to quit or give up tobacco, this does not seem to be the situation in India.

Tobacco consumption in the country is on a decline - a trend that is going as desired for the government. As reported in the Mint, the government had set a target of reducing tobacco consumption by a fifth by 2020 and by a third by 2025.

To do the same it has been asking consumers to cough up more dough by levying more excise duty for years. Last year itself, the Finance Minister has increased excise duty on cigarettes in the range of 15% to 25% on various lengths of cigarettes.

But the irony here - as stated in the article - is that while overall tobacco consumption may have increased by more than 40% in the past three decades, the share of legally manufactured cigarettes has come down from 21% to about 12% in recent years. This just goes on to indicate that consumers have moved on to cheaper forms of tobacco - which could possibly be more detrimental to health if not less.

Nevertheless, from what it seems is that India's craving for tobacco is coming down - which is a positive sign. Today's chart of the day indicates the tobacco output in the fifteen months up to March 2015.

Data Source: Mint

This Chart Of The Day was published in The 5 Minute WrapUp - How does this little known investor make big profits?

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