MarketResearch.com: Indian Luxury Sales to Reach $5.6 Billion by 2019

WASHINGTON and NEW YORK and LONDON, Sept. 11, 2015 /PRNewswire/ -- MarketResearch.com is pleased to offer users access to reports covering the luxury goods market in India in the wake of its strong growth in 2015. So far in 2015, the Indian luxury sales have risen 25 percent.

The number of millionaire households worth 250 million rupees, about $3.8 million, has increased by 17 percent in India since 2014. The increased income has resulted in demand for more luxury brands such as Canali Furla, Burberry, and Jimmy Choo. If the market continues to grow, the Indian luxury market is expected to double and reach $5.6 billion by 2019.

To learn more about the luxury goods market, check out our free white paper: http://bit.ly/1NRHuEq

In 2014, the urban youth in India were more inclined to indulge and spend on luxury goods and accessories. The desire to stand out amongst the crowd has now become more common among adults too. Now, 44 percent of shoppers contributing to the Indian luxury goods economy are outside the megacities in India. Most of the wealthy are located in smaller cities where big industries have been built.

To learn more about the luxury goods market in India, check out some of our reports:

• Luxury Goods in India http://www.marketresearch.com/land/product.asp?productid=8799557&progid=87806
• Luxury Accessories in India http://www.marketresearch.com/land/product.asp?productid=8797519&progid=87806

These reports are available on www.profound.com, where subscribers are able to purchase the individual sections, chapters, tables, or charts of a report they need without having to pay for the pieces they don't.

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