Jewellery retailers such as Titan Co. Ltd and Kalyan Jewellers India Ltd are expected to put up a good show. The Q1 business updates of both these companies show revenue growth has been strong.
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Thronged by hundreds of people, including some Bollywood celebrities, Tim Cook's excitement was palpable as the chief executive officer of Apple Inc. officially opened its first company-owned store in India in April.
India is at a “tipping point,” he went on to say on a call with analysts after his visit. It was that same month when India also earned a new title as the worlds most populous nation, burnishing the appeal of sectors that cater to a burgeoning middle class and young consumers.