We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

India's Luxury Market Forecast To Reach $18.3 Billion In Value By 2016, Study Reveals

January 7, 2016: 12:00 AM EST
India’s luxury market is forecast to expand at a CAGR of 25 percent to reach $18.3 billion in 2016 from the current $14.7 billion, according to the industry group ASSOCHAM. Data revealed several markets, including hotels and fine dining, electronic gadgets, luxury personal care, and jewelry posted strong growth in 2015 and are forecast to grow 30–35 percent in the next three years. Growth is expected to be driven by increasing brand awareness among the country’s young consumers and the rising purchasing power of upper-class consumers in the country’s tiers II and III cities.
"Indian luxury market to cross $18.3 bln by 2016; India`s luxury market likely to break all times record in 2016: ASSOCHAM paper", assocham.org, January 07, 2016, © assocham.org
Market News
Market News
Developed by Yuri Ingultsov Software Lab.