The market for luxury goods has expanded significantly in India, mainly due to the rise in disposable income and the increasing fashion consciousness among the people. While clothes designed by Indian designers are in high demand, irrespective of the price, a number of foreign luxury brands have also set up shop here and are doing brisk business. These luxury products, such as clothes, sunglasses and automobiles are being significantly purchased by the country’s affluent classes. While the luxury goods market has remained steady despite the recent economic slowdown, the penetration level is very low and limited to the tier 1 metros only. Hide this