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India Today
|March 24, 2025
With an annual growth rate of 30 per cent, India's luxury market that stands at $17 billion (Rs 1.48 lakh crore) is not just a gossamer dream woven in tall tales but a dynamic industry with global ambitions.
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With the turnover all set to triple by 2030, its remarkable transformation has been stoked by innovation, a precipitous increase in the number of HNIs (high net worth individuals) and disposable incomes, as well as a shift in consumer attitudes. However, its growth story is not just dominated by an expanding appetite for global brands, but also providing a fertile canvas for home-grown luxury brands to expand and experiment.
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