Raymond Weil expects India to be among top 5 markets globally in 4-5 years Noor Arora
Swiss luxury watchmaker Raymond Weil expects India to be among its top five global markets in next 45 years, as the company is witnessing good growth here led by aspirational class consumers, said a top company official. The company is upbeat as it has doubled its India business in last 12 months and expects to continue such growth in the coming years also. Raymond Weil sees huge 'potential' in the Indian market, which ranks around 12 to 13 in its overall global sales, said Raymond Weil Director Olivier Bernheim. "India is one of the two markets for us which has the biggest potentials," Bernheim said. On being asked whether India could be among Raymond Weil's top five global markets in next 4-5 years, he said: "Of Course. It should be". However, he also warned that current currency fluctuation, as the Indian rupee is falling against UD Dollar, may have some impact.
ARTICLE SOURCE: BS