How Indian Tourists Are Shaping Singapore’s Luxury Retail Market: A Deep Dive into Their Spending Habits in 2025
Published on December 15, 2025
Singapore has long been known as a global hub for luxury shopping, and
Indian tourists are playing a pivotal role in its continued rise. In 2025, Indian visitors have emerged as some of the
biggest spenders in the
luxury goodsmarket in Singapore, driving significant revenue for the country’s high-end retail sector. According to the
Singapore Tourism Board (STB), Indian tourists spent an impressive
SGD 812.17 million (approximately
Rs 5718 crore) in the first half of the year, marking a
4.4% increase compared to the same period in 2024. This surge in spending is especially notable considering the global challenges in premium consumption.
The surge in spending by Indian tourists has not only helped
Singapore maintain its position as a
luxury shopping hubbut also provided much-needed relief to retailers along the famous
Orchard Road, the city’s flagship shopping district. As one of the
strongest driversof
luxury retail growth, Indian tourists are spending not just on luxury goods, but also on experiences, dining, and entertainment, contributing to the broader
tourism ecosystem in Singapore.
In this article, we explore how
Indian tourists are influencing
Singapore’s luxury retail scene, how their spending habits reflect the broader trends in
India’s expanding affluent class, and what it means for the future of both tourism and luxury retail in this dynamic city-state.
The Rise of Indian Tourists in Singapore’s Luxury Market
Indian tourists have long been a significant part of
Singapore’s tourism market, but their impact on the
luxury goods sector has been growing steadily. With
SGD 812.17 million in luxury goods purchases in the first half of 2025,
India now ranks as one of the largest markets for
Singapore’s high-end retail industry.
The key driver of this spending surge is not only the
increasing number of Indian tourists visiting Singapore, but also their growing
affluence and desire for
luxury experiences. As
India’s middle class continues to grow in both size and wealth, more and more Indians are seeking
premium experiences, from high-end fashion and
jewellery to luxury
accommodation and dining.