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India’s luxury market: A growing powerhouse for global brands

With a rapidly rising affluent population, a mega wedding industry and a young dynamic consumer, India continues to emerge as a key player in the global luxury market.
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Canali AW24.Photo: Courtesy of Canali

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India’s luxury market is becoming a focal point for global brands due to its rapidly growing affluent population, cultural richness and evolving consumer tastes. Luxury players are increasingly tailoring their offerings, launching exclusive collections and collaborating with local talent to meet the needs of Indian consumers. With the Indian wedding industry booming and the first luxury department store set to launch, the region’s luxury sector is on the verge of significant growth, driven by demand for both high-end fashion and immersive shopping experiences.