Indians snap up Swiss luxury watches in H1

[Bilgin]

Indians snap up Swiss luxury watches in H1 India's imports of Swiss luxury watches rose 21% in H1 2022, reaching 98.5 million Swiss francs, driven by increasing demand for expensive goods among affluent Indians. Luxury stores in malls also reported significant growth in the watch category, with both men and women spending equally. However, sales of entry-level products have been harder, potentially capping overall growth in the sector at 5-8% compared to last fiscal year.