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Still, average consumer spending lags rest of world.
May 22, 2009
By: TOM BRANNA
Editor
The Indian cosmetic Industry has witnessed rapid growth in the last couple of years, growing at a CAGR of around 7.5% between 2006 and 2008, according to Research and Markets. With improving purchasing power and increasing fashion consciousness, the industry is expected to maintain the growth momentum (with marginal slowdown due to economic slowdown) during the forecast period (2009-2012). It is projected to grow at a CAGR of around 7% during the forecas...
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