India has a fast-growing elite and aspirational classes — and their insatiable appetite for luxury reminds global brands of China. Image credit: Shutterstock Is India’s luxury surge mirroring China’s?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
India has a fast-growing elite and aspirational classes — and their insatiable appetite for luxury reminds global brands of China. Image credit: Shutterstock 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","iv":"e40e253d56d0a2e432dffa687c3d9c0d","s":"50a1008cb83a20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