The premium footwear market in India has grown significantly in recent years and is expected to continue growing at a rapid pace. The market was worth 300 crore INR in 2012-13 and is projected to reach 774 crore INR by 2016-17, representing a compound annual growth rate of around 26.7%. Men's footwear currently dominates the premium segment but the women's market is growing. Many international brands have entered or expanded in the Indian market through partnerships and joint ventures. The document discusses key growth drivers in the industry as well as challenges such as high taxation and regulatory hurdles to direct foreign investment.