Fast Growing Luxury Market In India

Fast Growing Luxury Market In India
Innovation

A recent luxury trends report from Ledbury Research advises companies to start focusing on India. They are estimating that the number of families with annual incomes of more than $230,000...

Sukumar
  • 3 october 2005

A recent luxury trends report from Ledbury Research advises companies to start focusing on India. They are estimating that the number of families with annual incomes of more than $230,000 will have more than doubled from 20,000 in 2002 to 53,000 by the end of 2005 and will grow to 140,000 by 2010. By way of comparison, the UK has 400,000 families at this income level currently.

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