WHY INDIA MATTERS FOR THE GLOBAL LUXURYSCAPE

BRANDS ARE OPTIMISTIC DUE TO RAPID URBANISATION, A YOUNG AFFLUENT POPULATION, AND SHIFTING FOCUS FROM CHINA TO INDIA.

- GUEST COLUMN BY STEFANIA LAZZARONI CEO, Fondazione Altagamma (Association of Italian luxury brands)

INDIA IS once again at the center of conversations regarding markets with the highest growth potential for the high-end segment. Currently, the personal luxury goods market in India is estimated to be worth around €3 billion, according to Bain & Company, with projections indicating that by 2030 the broader luxury market—including automobiles, hospitality, design, yachts, and more—could reach around €80 billion.