Premium alcohol market to grow in India as import duties reduce

India has the world’s third largest population of billionaires. Leading the pack are Mukesh Ambani and family with a net worth of $105.99 billion (INR 9.8 lakh crores) as of 2026. They are also the richest family in Asia. On the second spot are Gautam Adani and family with wealth exceeding $81.11 billion (INR 7.5 lakh crores).

An increasing number of international luxury brands are signing Indian celebrities as global ambassadors as they recognise the rising spending power of India’s growing affluent classes and the massive global Indian diaspora. Legacy houses like Gucci, Louis Vuitton, Bentley, Bvlgari and Cartier have appointed stars such as Alia Bhatt, Deepika Padukone and Priyanka Chopra Jonas, to build stronger cultural resonance with South Asian consumers

Discover how India’s young UHNI founders are building massive wealth, while shaping some of the most valuable businesses of the 21st century. A new generation of founders is reshaping the Indian economy by solving everyday consumer problems and turning them into high-value enterprises.

Sabyasachi is one of India’s most valuable luxury brands. Founded in 1999 by designer Sabyasachi Mukherjee – the maximalist, aspirational Indian brand has grown its portfolio from wedding couture to high-jewellery and accessories. Sabyasachi is now expanding his global footprint with a New York flagship store and a succession of viral international red-carpet moments. Here are the key milestones that shaped his success.

His watches are priced at an average $100,000 and yet attract a long waiting list of buyers. Even Chanel has acquired a stake in his company. He has won every major watch industry award in the world. Meet Maximilian Büsser, the Swiss-Indian watchmaker and founder of the unconventional watch brand MB&F

Valued at $85 billion (₹7.31 lakh crore), India’s domestic gems and jewellery market is the lifeline of its luxury market. Luxury Volt reveals how this vast industry has transformed from an unorganised trade into one of India’s most lucrative consumer markets, and why global jewellery giants still struggle to break in.

At key global red carpet events, Alia Bhatt has out-ranked icons like Zendaya and Kendall Jenner, while generating multi-million dollar EMV for brands like Gucci & L’Oréal. Discover how the Indian actress strategically built her influence from a teenage movie star to an ROI magnet from south Asia.

Change is sweeping through India’s beauty market. Luxury skincare is booming. Demand is expanding beyond metros to tier-2 & tier-3 cities. Steering this shift is the new ‘skin-intelligent’ Indian consumer – actively researching ingredients and trusting proven results over brand claims.

India is cutting import duties on many luxury goods; cars, watches, cosmetics & wines through new trade deals with the EU, UK, UAE, Switzerland and Australia. Lower taxes will boost demand of foreign luxury goods in India, encouraging more global brands to enter and expand in the market.