India Luxury Fashion Market Size, Share, Forecast 2033

India Luxury Fashion Market Size, Share, Trends and Forecast by Product Type, Distribution Channel, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30703

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India Luxury Fashion Market Overview:

The India luxury fashion market size reached USD 9.37 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.13 Billion by 2033, exhibiting a growth rate (CAGR) of 5.03% during 2025-2033. The rising disposable incomes, increasing brand consciousness, growing demand for sustainable fashion, digital transformation, influencer marketing, evolving consumer preferences, premiumization trends, and the expansion of global luxury brands into the Indian retail landscape is augmenting the India luxury clothing market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 9.37 Billion
Market Forecast in 2033	USD 15.13 Billion
Market Growth Rate 2025-2033	5.03%

India Luxury Fashion Market Trends:

Rising Demand for Sustainable and Ethical Luxury Fashion

The India luxury clothing market growth is driven by a significant shift towards sustainable and ethical fashion, driven by increasing consumer awareness and environmental concerns. For instance, India is among the participating nations in a six-year, USD 45 Million program that was introduced on December 9, 2024, to lessen the environmental impact of the fashion and building industries. By replacing non-renewable materials, encouraging resource-efficient production, and encouraging responsible purchasing practices, this program seeks to advance regenerative design. To increase its impact, the program also makes use of an extra USD 295 Million from external sources. Luxury brands are integrating eco-friendly fabrics, organic dyes, and ethical sourcing practices to appeal to environmentally conscious buyers. The growing preference for slow fashion, emphasizing quality and longevity over mass production, is further shaping market trends. Additionally, Indian consumers are favoring brands that promote fair trade, cruelty-free production, and carbon-neutral operations. This trend is encouraging both global and domestic luxury brands to adopt responsible fashion practices, enhancing their appeal in the evolving Indian luxury clothing segment.

Increasing Influence of Digital and Omni-Channel Retail

The luxury clothing market in India is experiencing rapid digital transformation, with brands leveraging e-commerce and omni-channel strategies to improve consumer engagement. High-end fashion houses are investing in online flagship stores, AI-driven personalization, and virtual try-on experiences to cater to tech-savvy shoppers. Social media and influencer collaborations are further driving brand visibility, influencing purchasing decisions. Moreover, luxury brands are integrating online and offline experiences through exclusive in-store services, digital concierge assistance, and seamless payment options, which in turn is positively impacting India luxury clothing market outlook. The increasing adoption of augmented reality (AR) and virtual reality (VR) is also elevating the digital luxury shopping experience in India. For instance, according to a report released by the Press Information Bureau on January 28, 2025, India's digital economy made up 11.74% of the country's GDP in 2022–2023, or about INR 31.64 Lakh Crore (USD 402 Billion). This industry had a productivity level that was over five times higher than that of other economic sectors, and it employed 14.67 million people, or 2.55% of the total workforce in the country. Forecasts suggest that by 2029–2030, the digital economy will account for 20% of GVA, overtaking more established industries like manufacturing and agriculture.

India Luxury Fashion Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, distribution channel, and end user.

Product Type Insights:

Clothing and Apparel
- Jackets and Coats
- Skirts
- Shirts and T-Shirts
- Dresses
- Trousers and Shorts
- Denim
- Underwear and Lingerie
- Others
Footwear
Accessories
- Gems and Jewellery
- Belts
- Bags
- Watches

The report has provided a detailed breakup and analysis of the market based on the product type. This includes clothing and apparel (jackets and coats, skirts, shirts and T-shirts, dresses, trousers and shorts, denim, underwear and lingerie, and others), footwear, and accessories (gems and jewellery, belts, bags, and watches).

Distribution Channel Insights:

Store Based
Non-Store Based

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes store based and non-store based.

End User Insights:

Men
Women
Unisex

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes men, women, and unisex.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Luxury Fashion Market News:

On October 25, 2024, Kalpraag debuted its 'Naayab' collection with the goal of bringing reasonably priced luxury to the Indian ethnic wear market. With a name that means "rare" or "precious" in Hindi, the collection includes a variety of Jodhpuri and kurta sets that combine classic silhouettes with modern artistic motifs. This launch marks an important turning point for Kalpraag and demonstrates the brand's dedication to crafting imaginative stories using traditional Indian clothing.
On March 18, 2025, the eighth edition of the PEAKLIFE Regatta, which combined luxury and nautical adventure, took place in Mumbai, India. With the picturesque Gateway of India as a backdrop, the event showcased fashion designer Varoin Marwah's 'Coastal Calm SS '25' collection, which was inspired by marine hues and sandy tones. Attendees had the opportunity to enjoy an exciting nautical experience as four teams—PEAKLIFE, Chivas, Louisiana, and SWISS—sailed from the Gateway of India as part of the regatta.

India Luxury Fashion Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Type Distribution Channel End User Region
Product Types Covered	Clothing and Apparel: Jackets and Coats, Skirts, Shirts and T-Shirts, Dresses, Trousers and Shorts, Denim, Underwear and Lingerie, Others Footwear Accessories: Gems and Jewellery, Belts, Bags, Watches
Distribution Channels Covered	Store Based, Non-Store Based
End Users Covered	Men, Women, Unisex
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India luxury fashion market performed so far and how will it perform in the coming years?
What is the breakup of the India luxury fashion market on the basis of product type?
What is the breakup of the India luxury fashion market on the basis of distribution channel?
What is the breakup of the India luxury fashion market on the basis of end user?
What is the breakup of the India luxury fashion market on the basis of region?
What are the various stages in the value chain of the India luxury fashion market?
What are the key driving factors and challenges in the India luxury fashion market?
What is the structure of the India luxury fashion market and who are the key players?
What is the degree of competition in the India luxury fashion market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India luxury fashion market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India luxury fashion market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India luxury fashion industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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