New Delhi and Mumbai, Oct. 24 -- Experiential luxury, comprising primarily of fine dining and luxury holidays, will lead growth in India's market for luxury goods and services in the next five years, market researcher Euromonitor International.

The segment is projected to compound annually at a scorching 77.8% growth rate between 2026 and 2030. If this forecast holds, experiential luxury revenues will nearly match the sales anticipated in luxury cars by the turn of this decade.

Such cars, priced at more than Rs.50 lakh apiece, make for the largest segment, about 43%, in India's luxury market.

The market for all luxury goods and services is predicted to close this year at Rs.104,300 crore (14.5% year on year growth). It is forecast to g...