smoke india has a 365 billion sticks per year bidi market a recent jp morgan report estimates that even if half of the bidi volumes translates to cigarette sales the industry will gain incremental 3 percentage points growth per annum sharp increase in retail prices of cigarettes in india may have reduced the relative affordability for some consumers the 2015 union budget marked the fourth consecutive year of over 15 excise hikes on cigarettes in india added the report by richa maheshwari umesh yadav shambhavi anand et bureau published on sep 1 2015 at 0803 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app itc cigarettes indian market excise duty yc deveshwar godfrey phillips consumer insights syed mahmood ahmad homenewshow increased excise duty on cigarettes has made the indian market vulnerable for chinese brands