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A Look At Why India's Luxury Market Is Exploding

publication date: Nov 25, 2012
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During the past year, the Indian luxury market has grown 20 percent, with the most growth among luxury products, according to a new report from global consultant management firm AT Kearney (via AFP).

The jewelry, electronics, fine dining, and cars sectors have jumped the most, growing between 30% and 40% in the past year. Apparel, accessories, wine and spirits have continued a steady growth rate of around 25% to 30%.

Overall, the country's luxury market reached $5.75 billion in 2010, including goods and services, the report said.

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