ASSOCHAM estimates India’s luxury market to cross $14 bn in next three years

India’s luxury lifestyle market has remained largely unaffected by the economic slowdown in 2013 and touched around $8.5 billion with growth rate of 25-30 percent in 2013 as against $6.5 bn in 2012, according to a recent paper by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on ‘Luxury Industry in 2013-14’. The paper also reveals that the luxury market in India is estimated to cross $14 bn during the course of next three years. GUCCI, Christian Dior, Louis Vuitton, Canali India, L’Oreal Luxe India, LVMH India, The SPA Group, Geetanjali Group, Da Milano Leathers, Reliance Brands, and Hidesign were some of the players in the luxury space who performed well in 2013. This is the sign of good business in store in future for the signage players activities involve in in-shop branding, fabrication, signage and other related activities in the sector.