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GUIDE TO GUESSTIMATES

NITIE STUDENTS CONSULTING CLUB

WHAT IS GUESSTIMATE ??

How many bottles of wine are consumed in India every week?


Steps :
1.The number of people in India
Population 1.2 billion
2.The number of adults
Approx. 70 % i.e. 840 million
3.The number of wine drinkers
Lets assume 40 % of adult population drinks wine

i.e. 336 million

4.Average number of glasses of wine consumed per week.


Assume it as 4 glasses / week i.e. 1344 Million glasses of wine / week
5.Number of glasses of wine in an average bottle
Average size of bottle contains 5 glasses of wine i.e. 268.8 ~ 269 bottles per week

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