The Indian luggage industry is projected to reach Rs 267 billion by calendar year 2028, growing at a compound annual growth rate (CAGR) of 12 per cent over CY23-CY28, according to a report by Motilal Oswal.
The Indian luggage industry is projected to grow at a healthy CAGR of 12 per cent to reach Rs 267 billion by Calendar Year (CY) 2028, up from an estimated Rs 170 billion in CY24, according to a report by Motilal Oswal Financial Services.
While segments like value retail, jewellery, and luggage are poised to deliver strong growth, the footwear and quick service restaurant (QSR) sectors faced significant demand challenges due to factors such as heavy rainfall and weaker out-of-home consumption.