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India's luxury watch market surged after tariff reductions, making it Rado’s top market by 2024 despite currency fluctuations.
The India-EFTA Free Trade Agreement, effective October 2025, phased out import tariffs on Swiss watches in India over seven years, aiding consumers despite currency challenges.
While the weakening Indian rupee and stronger Swiss franc have offset some benefits, India became Rado’s top market in 2024, surpassing China and the U.S., driven by demand in the ₹1 lakh–5 lakh segment.
The country’s luxury market is projected to grow from $7 billion in 2024 to $30 billion by 2030, with strong online sales.
Rado continues importing all watches from Switzerland, maintaining its Swiss craftsmanship reputation.
Swatch Group reported double-digit sales growth in India and other emerging markets in 2025, highlighting India’s rising role in the global luxury watch industry.
El mercado de relojes de lujo de la India se disparó después de las reducciones arancelarias, convirtiéndolo en el principal mercado de Rado para 2024, a pesar de las fluctuaciones de la moneda.