India Luxury Market
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As China’s economy continues to weaken, the wealthy population in the country is dwindling. Beijing that earlier reigned as Asia’s billionaire capital has now been overtaken by Mumbai. While last year, Beijing boasted
As China’s economy continues to weaken, the wealthy population in the country is dwindling. Beijing that earlier reigned as Asia’s billionaire capital has now been overtaken by Mumbai. While last year, Beijing boasted of 109 US dollar billionaires, this year the number has dropped to 85.
Last year, Mumbai recorded 66 billionaires. This year the number has shot up to 93 ! In India, the wealthy population is rising in several metro cities and not just Mumbai.
Shilpa is a world renowned journalist and an expert in decoding India and Asia’s luxury markets for global readers. Her original, in-depth reports and analysis are frequently featured in prestigious international titles across the UK, China, Hong Kong, Switzerland, and Oman.
India is cutting import duties on many luxury goods; cars, watches, cosmetics & wines through new trade deals with the EU, UK, UAE, Switzerland and Australia. Lower taxes will boost demand of foreign luxury goods in India, encouraging more global brands to enter and expand in the market.
At key global red carpet events, Alia Bhatt has out-ranked icons like Zendaya and Kendall Jenner, while generating multi-million dollar EMV for brands like Gucci & L’Oréal. Discover how the Indian actress strategically built her influence from a teenage movie star to an ROI magnet from south Asia.
India is significantly reducing import duties on alcoholic beverages and liquor – premium wines, whisky, beer, rum, vodka and tequila – as part of new trade deals with the UK, EU, Australia, New Zealand, Switzerland and Finland. See which major alcobev brands and spirits will benefit the most.
His watches are priced at an average $100,000 and yet attract a long waiting list of buyers. Even Chanel has acquired a stake in his company. He has won every major watch industry award in the world. Meet Maximilian Büsser, the Swiss-Indian watchmaker and founder of the unconventional watch brand MB&F
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