Ever since the pandemic subsided, Indians have come out in droves, with revenge shopping initially, and then backing it up subsequently with some serious spending on luxury goods and experiences. Not surprisingly, various estimates peg India’s luxury market to grow rapidly over the next few years, as global brands make a beeline for Indians’ wallets and the country’s luxury brands capture the imagination of the world. - Issue Date: Nov 26, 2023
As India’s economy grows to become one of the largest in the world, its luxury market is also booming. But what is making global brands make a beeline for Indian shores and how are they looking to expand in this growing market? Find out in the Luxury special issue of BT that has stories ranging from space travel to luxury spas and much more. Also read about how Indian fashion designers are making waves across the world. Plus, find out how the temperature in the corner offices of India Inc. reads this quarter, in the BT-C Fore Business Confidence Index. All this and more in the latest issue of Business Today. Grab your copy today
Indian designers are making a splash on the world stage, while the biggest of global brands are wooing India’s growing affluent class like never before
Thailand will restore confidence in its critical tourism sector, officials said on Wednesday, a day after a shooting spree at a luxury shopping mall in which two foreigners were killed clouded hopes for a recovery in overseas visitors. The shooting came as new Prime Minister Srettha Thavisin is trying to bolster tourism, a key driver of Southeast Asia's second largest economy that has been slow to recover from the COVID-19 pandemic. China is vital to that effort as the biggest source of foreign visitors to Thailand in pre-COVID years.