Everyone's heart beats the same for something sparkling. Pursuing beauty and a way to show off style and economic status, jewelry is the tool. Is there anything separate from luxury? People have luxury smartphones. Namaste, Osaka's must-visit restaurant is Machuda. Head of Indian cuisine is Manager Jung, an Indian cuisine specialist analyst, Jung Woo-chang. Today, Manager Jung likes it, and for our viewers who also like it, we will talk about the Indian jewelry market. The Indian jewelry market is expected to grow by an average of 15% annually over the next five years, exceeding the overall Indian consumer market's average growth rate of 12%. There's no one who dislikes jewelry. However, Indians really love jewelry and gold. For example, influenced by religious beliefs that giving a bride so much jewelry that her neck breaks is essential for maintaining a happy marriage, is one of the reasons.

Not only religious influences, but also the Indian jewelry market is expected to benefit greatly from the deepening income structure changes in the Indian consumer market. The top 10% of consumers in India account for 70% of jewelry consumption, and the wealthy class in India is now classified as those with an annual income of around 48 to 50 million KRW for a 4-member household. Over the next five years, the growth rate of wealthy households in India is expected to be significantly higher than that of the middle class and low-income households. By 2030, the annual growth rate of wealthy households is projected to be around 9%, while the middle class is expected to grow by only about 1.4% per year. Therefore, it is natural to expect that the number of wealthy households, the main consumers of the Indian jewelry market, will increase more rapidly than any other income group, leading to a clear expansion of the Indian jewelry market.

I believe that it can contribute significantly to growth. Therefore, the Indian jewelry market, which originally favored by Indians and with rapid growth in the affluent class, is expected to grow by 15.3% over the next five years, exceeding the growth rate of the Indian consumer market. It would be good to keep an eye on companies like Titan Company, which is leading in the jewelry market. The content related to the Indian jewelry market prepared in this episode ends here. If you are curious about more detailed information, please click on the link for the Indian Consumer Report below. I will greet you with more informative content in the next episode. Thank you.

인도 결혼식에서 1,600억원을 사용했다고? 인도 보석시장의 비밀 | 나마스테 인디아 4편

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