Luxury market to touch $15 billion: Assocham

Updated: March 06, 2013 17:03 IST

The luxury market in India is pegged to grow by 25% from 2013 till 2015 and is likely to touch $15 billion from the current level of $8 billion, a study by the Associated Chambers of Commerce and Industry of India said. The luxury market is poised to expand three-fold in the next three years and the number of millionaires is expected to multiply three times in another five years.

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