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Is India the next big luxury fashion market?

30 Jan '26
5 min read
Is India the next big luxury fashion market?
Pic: Generated by DALL-E AI

Insights

  • India is rapidly becoming a key growth driver for the global luxury industry, supported by strong consumer demand and resilient, long-term growth fundamentals rather than a temporary cycle.
  • With momentum easing in established markets, international luxury brands are stepping up investments in India, indicating a lasting structural transition rather than a fleeting boost.

According to Euromonitor International, a global market research and data analytics firm, India’s luxury goods market is projected to grow at around ** per cent annually, reaching $**-** billion by ****. By ****, the luxury market is forecast to cross $** billion, while longer-term projections indicate scope for substantially higher growth.

Why India is the market to watch?

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