Driven by young and affluent buyers, India’s luxury market is expected to reach $12.1 billion by 2025

India’s luxury goods market is expected to grow by 10 per cent, reaching $12.1 billion by 2025, according to a new report, positioning the country as a significant player in the global luxury landscape. The expansion is attributed to rising numbers of affluent individuals, rapid urbanisation, and demand for both premium products and curated experiences. Advertisement

According to data analytics company Euromonitor International, India’s luxury market growth is among the fastest globally, with South Africa and the United Arab Emirates also recording strong growth rates. Brands are adapting to consumer preferences by reimagining retail spaces and prioritising personalised offerings that blend products with lifestyle experiences.

The report highlights that premium and luxury cars have led