NEW DELHI: India’s growing luxury market is set to exceed $10 billion-mark by 2014 boosted by a new class of wealthy termed as the ‘closet customers’ who have have joined the traditionally rich contributing to higher luxe sales, a report said today.

As per the CII-IMRB report, the impact of the economic slowdown in 2013 has impacted the luxury market to a certain extent but by mid-2014 the market is expected to revive and continue its growth trajectory and grow at nearly 17 per cent i ..