With consumer spending expected to grow four times, international brands can't ignore India , says study Irrespective of the global economic slowdown, the luxury market in India is pegged to grow at 25% on a year-on-year basis between 2013 and 2015. And it may be worth Rs 82,500 crore ($15 billion) from the current level of Rs 44,000 ($8 billion), reveals the Assocham-Yes Bank study. “The luxury market is poised to expand three fold in next three years and the number of millionaires expected to multiply three times in another five years. Globally also consumer spending is rising, and is expected to reach Rs 2,200 lakh crore ($40 trillion) by 2020 with an unprecedented growth of Rs 660 lakh crore ($12 trillion) in a decade. Predictable consumer spending patterns beyond geographies and cultures unwrap possibilities of future growth in emerging markets like India where consumer spending is expected to grow four times to Rs 198 lakh crore ($3.6 trillion) within t