How high spenders give adequate business to luxury retailers

Luxury products reign supreme when it comes to quality. Usually associated with a big price tag, luxury brands ensure that the consumer digs deep into their wallets to indulge in high-end products. Moreover, the report also mentioned that the total luxury goods retail value in India is expected to grow by 63 per cent during the period. Increasing disposable incomes and rise in the number of high net worth individuals will provide an opportunity for luxury goods players in India


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