Luxury Market In India Grows 25% On Rise In Middle Class Demand: Report - personal care electronics

: The Rise of the middle class and the rise of global brand awareness helped India's luxury market rise by 25 percentage points to $18.
5 billion, according to a report.
"From 2015 to 2016, the growth momentum has driven significant growth in the Indian luxury market --from a $14.
$7 billion to $18.
5 billion "Sisi-
The Kantar IMRB 2016 report on luxury goods said.
According to the report, the aspiring middle class and the young middle class, the increase in internet penetration has led to more exposure to available products and services, an increase in choice, and an increase in global luxury brands
The main areas of growth include food, electronics, luxury tourism, personal care, jewelry and luxury cars.
"Future projections predict that perfumes, watches and jewelry will be the main growth areas for skin care and clothing," the report added . ".
About the luxury goods and services business comes from the northern states of India, followed by Delhi NCR, followed by Punjab and Haryana.
The southern and western regions each accounted for 25.
It added that the eastern Indian market is still behind the luxury market, accounting for only 10 per cent of the luxury market share.