- India’s luxury goods market projected to reach 12.1 billion dollars by 2025
- Demand driven by young affluent buyers across major and emerging cities
- Prime malls in Mumbai, Delhi, and Bengaluru report vacancy below 5 percent
- Wedding and festive economy worth 75 billion dollars boosting couture demand
- Italian brands gaining traction in bags, shoes, watches, and accessories
- FDI-friendly policy with 100 percent single-brand retail ownership allowed
- GST 2.0 rationalizes taxes; 18 percent standard rate for most luxury products
- Localization and co-creation with Indian craft clusters seen as key strategy
