Luxury brands in India are increasingly generating a significant portion of their revenue from tier 2 and 3 cities. As India’s luxury market is projected to grow to approximately $90 billion by 2030, 3.5x its current size, this shift in consumer behaviour is playing a pivotal role. Both Indian and global luxury brands are now focusing on establishing their presence in these markets, recognizing the immense potential of the expanding affluent consumer base.
India's luxury market is expected to grow 3.5x by 2030