From flagship stores to wedding extravaganzas, India’s luxury sector is surging—driven by rising wealth, digital savviness, and cultural flair.
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India’s affluent population is expanding rapidly, with millions gaining disposable income to splurge on high-end fashion and accessories.
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High-net-worth individuals in India are projected to grow by 22% by 2028, making India a top market for luxury labels.
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Post-COVID income gains in smaller cities mean 57% of luxury consumers now live outside metros—brands are targeting these fast-growing markets.
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Swiss watch exports to India jumped 20% in early 2024, defying global declines and signalling strong demand for haute horlogerie.
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India’s $130 billion wedding industry fuels luxury spend on jewelry, couture, and gifts—making weddings a key growth engine.
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Luxury brands are leveraging e-commerce and social media, with pre-owned platforms like Tata Cliq expanding online access to high-end goods.
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Dior held its pre-fall 2023 show in Mumbai; Galeries Lafayette is opening in Delhi—global brands are staging grand entries in major cities.
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Pre-loved luxury is booming—secondhand watches and handbags are in high demand—and India’s market is set for double-digit growth.