Eyewear market booms in India
Eyewear market booms in India
Last Updated : Aug 20 2014 | 10:36 AM IST
New Delhi, Aug 20 (ANI): The neo-rich and fashion conscious urban Indians have provided a perfect opportunity to the eyewear market to establish themselves in India. The revenue of the industry has increased to USD 1,247 million at a CAGR of 27.4% during FY'2007-FY'2013. It is estimated to exceed USD 14,856 million by 2018 due to the major push from eyewear sales in the spectacle lens segment. The eyewear market in India has witnessed a steep incline in recent years on account of higher sales of eyewear across an array of segments. Eyewear market has come a long way and with people switching to modern techniques and brands, the sector is poised to grow in future as well.