India luxurious market growth: What does it mean for the nation? – BBC Info

India luxurious market growth: What does it mean for the nation? – BBC Info

Gucci, Balenciaga, and Louis Vuitton are amongst producers which possess opened stores in Indian tycoon Mukesh Ambani’s recent Mumbai mall.

It comes as India’s luxurious market booms and companies are looking out for to take advantage of strong economic growth and a rapid upward thrust in the different of millionaires in the nation.

However the growth in this market also coincides with pulling down consumption across the broader inhabitants and worries of rising inequality in Asia’s third largest economy.

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