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Nov. 22, 2024
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Q&A

India’s luxury market in the shadow of COVID-19

April 10, 2020

Typically a bustling rail hub in Mumbai's business district, the Chhatrapati Shivaji Terminus (formerly Victoria Terminus) wears a deserted look as the COVID-19 lockdown continues in India. Image credit: India Today/Milind Shelte Typically a bustling rail hub in Mumbai's business district, the Chhatrapati Shivaji Terminus (formerly Victoria Terminus) wears a deserted look as the COVID-19 lockdown continues in India. Image credit: India Today/Milind Shelte

 

By Mickey Alam Khan

India’s luxury market may not be as big as China’s or most European countries, but its growing list of billionaires and millionaires is impressive. So how has the COVID-19 coronavirus pandemic affected the Indian market for luxury goods and services?

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