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{"ct":"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","iv":"ed7fc3550876f23c8b2ad62e1caab48a","s":"1ddf72f92eed1d96"}