India entered into the top 20 markets of Swiss watch exports that month.
the Federation of the Swiss Watch IndustryWhile the monthly gains were slower since the summer, the first nine months of 2023 saw an 8.6 percent rise in exports versus the same prior-year period.
With export sales of 20.5 million Swiss francs, India remains a modest market for now, but a Deloitte study published in October said the country would climb to a top-10 position within the next decade, generating at an estimated 400 million francs of Swiss watch sales.
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