Megatrends
The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn MoreThe most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn MoreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn MoreThe luxury industry is growing at an extremely fast pace due to India’s expanding number of high net worth individuals, states Manjunath Reddy, Research Analyst at Euromonitor. Indian consumers are already aware of luxury watch brands such as Rolex and Rado because of their appearance in Bollywood films, so the current challenge to luxury goods manufacturers is awareness of apparel, beauty, and personal accessories. Brands like Louis Vuitton and Gucci have already entered the Indian market. Overall, the Indian market for luxury goods is expected to grow by 22% in value sales between 2012 and 2017.
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