Mint Explainer: Is this the right time for Carlsberg to list in India?

Danish beer maker Carlsberg AG recently said it plans to list its business in India on local stock exchanges. The move comes at a time when the Indian beer market is benefiting from positive regulatory changes, increased retail reach and a potential cyclical recovery after a weak season. But the market remains structurally spirit-dominated, highly competitive, and heavily dependent on state-level consumption policies.