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Only a tiny fraction, of course, will do so. But it is India's future prospects that have excited the luxury behemoths.
India has fewer than 100,000 dollar millionaires among its one billion-plus population, according to American Express, a financial-services firm. It predicts that this number will grow by 12.8% a year for the next three years. The longer-term ascendance of India's middle class, meanwhile, has been charted by the McKinsey Global Institute, which predicts that average incomes will have tripled by 2025, lifting nearly 300m Indians out of poverty and causing the middle class to grow more than tenfold, to 583m...
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Common topics in this essay:
- A Study Of International Marketing Strategies That Help Firms To Achieve Competitive Advantage: Japanese Firms Being Successful In India Since 1980
- A murky outlook for luxury goods
- India and the Black Market
- India's growing prosperity opens up a new market for luxury-goods firms
- Indian luxury goods buyers set to treble by 2010
- LVMH: Diversification strategy into luxury goods
- Luxury Marketing
- Luxury Selling: Strategies to sell Luxury Cars
- Lvmh And Luxury Goods Marketing
- Lvmh: Diversification Strategy Into Luxury Goods
- luxury car marketing
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- Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market
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- Luxury Marketing
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