India's luxury watch market is poised for significant changes as customs duties on Swiss watches will be reduced from 22-23% to 0% over the next seven years. This reduction is particularly impactful given that Swiss watch exports to India reached over CHF 200 million in 2023 and the sector has experienced consistent growth at an annual rate of 11% for the past two decades.
In today’s episode for 13th September 2024, we look at the booming luxury watch market in India and explore what’s fuelling this surge.
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