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India’s luxury-watch market set to grow 11–12 % annually amid rising HNIs
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India’s luxury-watch market expected to grow ~11–12 % annually as HNIs and aspirational buyers increase.
The Indian luxury‐watch segment is projected to expand at an 11-12 % annual rate, driven by a growing high-net-worth individual (HNIs) base and aspirational consumer demand in Tier-I and Tier-II cities. A report by SOIC Research suggests the sector’s growth is underpinned by rising disposable incomes, global lifestyle shifts and brand localisation. Brands optimising Indian operations and omni-channel strategies stand to benefit, while the broader consumer-luxury ecosystem may attract higher allocations from funds.