The number of higher income Indian households is expected to rise from 75 million to 190 million between 2021 and 2031– a growth rate of more than 150% in just a decade.
It is a truly vast amount of anticipated wealth creation. And as I found on my recent trip to Delhi, it is driving a discretionary spending boom that I believe is already clear for anyone on the ground to see. Two decades of change The scale of India's shift towards premium products was evident as soon as I stepped off the plane. On my way to my hotel, I saw a plethora of EVs and SUVs filling the roads as queues of shoppers lined up outside designer stores like Chanel, Gucci, and Louis Vuitton. Carmignac's Amol Gogate: Why a Modi election win could further propel India's marke...
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