Market & Consumers

  • The Indian high-end retail market is expected to grow to $30 billion by 2015, from the existing $3.5 billion.
  • Accessories have a far bigger market
  • India has the world’s third largest consumer class (122 million individuals with purchasing power).
  • Personal consumption is 67% of GDP in India; only the US is higher at 70%.
  • 1.2 million Indians are “extremely rich”, with an estimated 83,000 having net assets of over US$ 1 million (19.3% p.a. increase).