Key Indian Markets to Target

Geographical markets for the fashion, beauty, and luxury industry to watch out for in India.

Sectors & Markets

21 June, 2024

Table of contents

According to the UN, India’s total population is going to touch 1,5 billion by the end of 2030 as well as estimated to reach 1,7 billion by 2064. The country is forecasted to become the second-biggest economy by the year 2075 by Goldman Sachs. The Indian luxury market is set to cross $200 million in 2025 with an unsurpassed level of intra-travelling, digital space usage, and the rise of economic standards along with raving attractions from upper and middle classes. India’s largest luxury mall, Jio World Plaza, was unveiled at Bandra Kurla Complex in Mumbai in November 2023. It features 66 international brands such as Rolex, Dior, Gucci, and Louis Vuitton, as well as the first outlets for Tiffany & Co., Bulgari, and Versace. It is said that Louis Vuitton is paying a monthly rent of INR 4,05 million.