India's Luxury Boom: From Modest Player to Powerhouse

India's Luxury Boom: From Modest Player to Powerhouse

with annual growth of 15-25% over the next seven years, potentially reaching a market value of €23-€38 billion by 2031. What's fueling this powerhouse potential?

A Wealth Surge

India's wealthy population is exploding. The number of ultra-high net worth individuals is set to skyrocket to a staggering 1.65 million by 2027, up from a significant 790,000 in 2022. This burgeoning middle class, with growing disposable incomes and aspirations, is driving a desire for experiences and luxury goods.

Digital Democratization

E-commerce platforms like Tata CLiQ Luxury are making luxury accessible to a wider audience across the country. Luxury is no longer confined to the elite; it's within reach for many. Further fueling the fire are ultra-luxury retail destinations like Jio World Plaza, attracting global brands and offering a world-class shopping experience.

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