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Indian watch industry 1. 1 Wrist Watch 2. 2 Industry Overview India is an under penetrated market for watches • 27% of Indians own a watch Total estimated market as of 2005 • Volume ~35 mn units • Value: Rs 2328 crores (USD 530 Mn) Vast proportion of the Indian market is below Rs 500 • ~68% (85% by volume) Market has been split into low end, mass market, mid market, premium

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