India 22 October 2025: India’s luxury market is forecast to grow 10% in 2025, according to Euromonitor International, which values the global luxury sector at USD 1.5 trillion. Despite macroeconomic uncertainty, luxury retail remains resilient, with 81% of personal luxury sales still generated in physical stores, underscoring the continued importance of in-person engagement. India ranks among the top five markets for growth, alongside South Africa (15%) and the UAE (9%). The country’s luxury market, projected at USD 12.1 billion by 2025, is fuelled by a rising number of wealthy consumers. Premium and luxury cars dominate sales, while experiential segments such as travel, fine dining, and exclusive events grow fastest as younger consumers prioritise unique experiences. Physical stores are being redefined as cultural and lifestyle hubs offering concierge-level service and emotional engagement. Euromonitor notes that 52% of affluent shoppers now prefer in-store fashion purchases, up from 36% in 2023. The report highlights a broader shift towards wellness, lifestyle, and experience-led luxury, driven by both younger and ageing affluent consumers seeking conscious indulgence and longevity-focused experiences. Brands that adapt to these evolving preferences are set to thrive. (ICE NEW DELHI)

Fonte notizia: Business News This Week