India’s luxury market sees 55% rise in tier-2 cities: Convanto CEO
Vandana Tolani, Founder & CEO of Convanto, highlighted how India’s luxury market is worth $9.5 billion in FY24 and projected to reach $20 billion by 2030, is being reshaped by tier-2 and tier-3 cities. With 55% of new luxury shoppers emerging from places like Indore, Surat, and Lucknow, Middle India is redefining aspiration, confidence, and consumer power.