India Luxury Apparel Market Grows Fast as Style Meets Spending Power | Report 2025-2033

India Luxury Apparel Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 3.60% (2025-2033)

The India luxury apparel market is witnessing robust growth, driven by rising disposable incomes, evolving fashion sensibilities, and an increasing appetite for premium and designer wear among the country’s expanding affluent population. According to the latest report by IMARC Group, The India luxury apparel market size reached USD 7.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 10.70 Billion by 2033, exhibiting a growth rate (CAGR) of 3.60% during 2025-2033. 

India Luxury Apparel Industry Trends and Drivers:

India's luxury apparel market, fueled by multiple economic and social trends shifting consumer behavior and preferences, is undergoing a major transition. Increased disposable income, burgeoning middle class, and better access to global fashion awareness are all factors contributing to this transition. Wealthy consumers are more frequently searching for premium and high-end apparel and as a result, both international luxury goods and home-grown designers are benefitting. New e-commerce marketplaces have also provided new avenues to expand market access and allow consumers from Tier 2 and Tier 3 cities to also engage in luxury consumption. Social media and influencers are also essential to this shift, as luxury brands have adapted to a digital marketplace and utilize social media to build brand experience and gain visibility. The current government policies, some of which emphasize manufacturing goods locally and import duties on luxury apparel goods is also positively impacting the market. The increasing desire for sustainable and ethical apparel is also having an impact on consumer preferences where brands utilizing eco-friendly materials, ethical sourcing and transparent supply chains are well received.

The market is also seeing an increase of demand for personalized and customized luxury apparel, as consumers ask for unique and exclusive items that represent their personal style. These values have led to an increase in tailoring service and made-to-measure designs from luxury brands. Premium ethnic wear continues to take the largest share of market because of cultural tradition and festivities. Young consumers are merging traditional designs with modern designs for new styles and opportunities for designers. More High-net-worth individuals and their increasing spending on luxury items are contributing to market. Luxury retail is expanding in metropolitan areas and collaborations with foreign brands and local players are contributing to the market. Overall, a combination of rising incomes, a shift in lifestyles to more informal and casual, and digital transformation are creating a whole new lucrative evolving luxury apparel market in India with lots of opportunities for both domestic and international brands.

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India Luxury Apparel Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Upper Wear

• Lower Wear

• Innerwear

Distribution Channel Insights:

• Offline Channel

• Online Channel

End User Insights:

• Men

• Women

• Children

Regional Insights:

• North India

• South India

• East India

• West India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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