In the last few years, we all have witnessed the tremendous growth of luxury market in India. 

According to Euromonitor International, the luxury market in India is likely to grow at 86% in constant value terms between 2013 and 2020.

Another report by A.T. Kearney states that the global luxury market is US$15 billion and it is expected to reach US$18 billion by 2020, and is growing at the rate of 20-30% each year. The report also suggests that India is the fastest growing emerging market for luxury goods, and is projected to surpass China.

All of this is evident when we see the swanky luxury brand showrooms in upmarket malls in the country. Since Indians are increasingly becoming brand conscious, they aspire to own things that are high-end and luxurious. Anything that comes with a luxury tag is inviting a lot of attention.

Moreover, with luxury brands joining the e-commerce bandwagon, Indians today are shopping for luxury products online as well.

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