India: luxury fashion market revenue 2028

As of 2023, the revenue of the luxury fashion market amounted to 1.54 billion U.S. dollars in India. The market's revenue was the lowest for years 2020 and 2021 due to the pandemic. However, the revenue is likely to increase gradually in the coming years.

Revenue of luxury fashion market in India from 2018 to 2023, with estimates until 2028 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Outlook’s Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.

Fashion constitutes the bulk of sales in the global personal luxury goods industry and has a healthy growth outlook over the next five years.

The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, fashion goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The most notable companies are LVMH (with brands such as Louis Vuitton, Fendi or Loro Piana), Kering (Gucci, Balenciaga, Saint Laurent and other brands), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).

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