Luxury Market News - Latest Updates & Headlines
Luxury cars, jewellery top consumption choices for Ultra High Net-worth Individuals: Nuvama Report
New Delhi, December 25: Luxury cars and jewellery have emerged as the top two avenues of luxury consumption among Ultra High Net-worth Individuals, according to a report by Nuvama.
India's luxury watch market set to grow 11-12% annually as affluence rises: Report
New Delhi, October 20: India's luxury watch market is poised for strong expansion, with annual growth estimated at 11-12 per cent, supported by the country's rising affluent base and growing wealth among high-net-worth individuals (HNIs), according to a recent report by SOIC Research.
India's ultra-rich population set to grow at 11-15 pc CAGR through 2034: Report
New Delhi, July 24: India's High-Net-Worth and Ultra-High-Net-Worth (HNW and UHNW) population is set to grow at 11–15 per cent CAGR through 2034, fast becoming a must-watch market for global luxury companies, a report said on Thursday.
India's ultra-rich population to rise 50% by 2028, fastest globally: Report
New Delhi, June 1: India will witness the world's fastest growth in the number of ultra-high-net-worth individuals (UHNWIs), with their population expected to surge by 50 per cent between 2023 and 2028, according to a report by McKinsey & Company and BoF.