New Delhi, Nov. 23 -- The Indian luxury market, one of the world's fastest growing, is a key target for both homegrown and international brands looking to increase their market share in the coming new year.
There is definitely opportunity and growth here. According to management consulting firm Bain & Co., India's luxury market is set to expand 3.5 times, reaching $85-90 billion by 2030, bolstered by the country's economic growth. The development comes at a time when the global luxury sector is facing a slow demand in traditional markets like China, Europe and the US.
But that does not make the Indian market easy to win over. While consumer spend is on the rise in the country, value is still something that drives most buyers. They remai...
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