The Indian cosmetics market has been growing consistently at around 15% annually, and given the country’s large and growing population, much of which still spends very little on cosmetics, long term growth seems assured. This is the assessment of Technopak, a consultancy firm based in Gurgaon, near New Delhi. “This implies that the market has a much higher growth potential and will continue to show impressive results in the coming years,” Pragya Singh, the company’s Associate Vice President for Retail and Consumer Products, tells SPC Asia.
India provides a sophisticated market
The Indian cosmetics market has been growing consistently at around 15% annually, and given the country’s large and growing population, long term growth seems assured
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