News Snapshot:
Adina-Laura Achim June 27, 2021 India has a fast-growing elite and aspirational classes — and their insatiable appetite for luxury reminds global brands of China. Photo: Shutterstock Key Takeaways: The Centre for Economic and Business Research (CEBR) forecasts that India will overtake the UK to become the fifth-largest economy by 2025 and the world’s third-largest economy by 2030. The size of the luxury market in India is estimated to surpass $200 billion by 2030. Having one of the largest populations of millionaires in the region and a strong middle-class, India provides exceptional opportunities for luxury brands. For obvious reasons, marketers...
