Why are Global Luxury Brands Eyeing India in 2024?
In 2024, major luxury companies will focus on India like never before. Consider a world where the gleaming boutiques of Paris, Milan, and New York are replicated in Delhi, Mumbai, and Bangalore. The craze for luxury bags in India is making people go gaga for it. The land of spices, hues, and various cultures is quickly becoming a beacon for luxury companies. But what precisely attracts these brands to India? Let's look into the elements driving this fascinating development. A Booming Economy Over the previous decade, India's economy has developed significantly, making it one of the world's fastest-growing major economies. With a young, energetic workforce and a fast-growing middle class, disposable earnings are increasing.This economic recovery means that more people can afford to buy luxury things. India's GDP growth rate is predicted to continue robust in 2024, aided by a wide range of industries from technology to manufacturing. The rising tide lifts all boats,