India’s burgeoning travel-retail market is gathering global attention, driven by its large and expanding population, increased air travel, rising tourist numbers, and the growing affluence and international travel interest of the Indian middle class.
No wonder Sunil Tuli, President of APTRA, recently labelled India as another “powerhouse” in the Asia Pacific region, besides China.
The overreliance on the Chinese consumer has been a cautionary tale for the industry, which is looking for ways to diversify its consumer base to ensure a sustainable future.
APTRA is spotlighting this market with a two-day conference focused on Indian travel retail and its influence on global retail, scheduled for 20-21 March 2024 in New Delhi.
The Indian Travel Retail Market is forecast to surge from US$1.67bn in 2023 to US$4.44bn by 2028, with a CAGR of 21.59% from 2023-2028, according to Mordor Intelligence. This market is seen as a pivotal sector in Indian retail, boosted…