12 January 2024, Mumbai
Luxury Booms as Growth and Aspiration Collide
Darshan Mehta, CEO of RBL, sees India's rising incomes and evolving tastes as music to his ears - especially for luxury brands. This sentiment echoes as the Indian fashion scene roars to life, fueled by a potent cocktail of factors:
- A Burgeoning Middle Class: Disposable income is ballooning, hand-in-hand with internet access, making international brands irresistible to India's growing middle class.
- Government Tailwinds: Easier FDI norms and a startup-friendly environment are weaving a welcoming tapestry for fashion's global players.
- Young & Ambitious Pulse: India's youthful, aspirational population, coupled with robust economic growth, is an irresistible siren song for luxury titans.
2024 promises to be a runway extravaganza as more international brands sashay onto the Indian stage. With its vibrant energy and insatiable appetite for style, India's fashion scene is poised for a dazzling new chapter.
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