Retail
July 6, 2021
India has a fast-growing elite and aspirational classes — and their insatiable appetite for luxury reminds global brands of China. Image credit: Shutterstock
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C5cvbQgcduqS1RSIfJGLctgA8uAJYBbhzNsLqSVqU4wV7Zmzz+Wlogzid8b4L7OyzSnj9ZxP61NNHr9Sz\/h2aRlo+gSQDmz3JxeLv3LfkibrlZzPlCSRWGlQnusbLVxjYzFphncaN0WaDt9X2PKFvPJZUsPH+TftZ02dmtNtW+6Tkvc8M4lvsVWrfSoTu2Q7spi64xQ7AYE0boaGVXntqnDZiHzruhMUJHBEF2KWQmGZWF1QMIyp32icS847Lewd6MkSEUTcpt+nJBQQ0xkkAUqk53atxTItqt+huYePSd6w8xS63bkbU\/2\/9JG3A8QvCy9JpPde9XyDSLnGkJQ5FryvBcIwYgJfeIoLgI89+It9\/o5ftPbEiX68SNsfWhFN\/RtjsYTRwWel7ugtWm0mbqL09fzS0PU1RANnNhJZNjmf9MhblPab\/cSrt3+XNRcUEj5nfZUceUWZXtvnaq3DCk3aH+NmSbiL4ICODt5fPYHNXERN6M21NJvY5Jl5sd1QCJL029\/s\/AyDOraiJeLwcMgKCxq3qUNYVfathtAmfflFST455y7DonKJGzBB+1bkpf7o2l0bWnYiJDAlffQAZRVXMCa3a\/a4TMNbeniKkTrj7uf5XteoeGFEFz07w7KEjR8I3+fuVEUWX05Xf47XRYh43cv9llzjOGK4jd9KzMo8eYafzvXF\/S7MgpkO3UPnq1cE\/QbBFll9GLF7vkLdr6DiGZHqUKJki92MqyxJ2wFuWSbW1wygAYDGR6sB0ObqDBSWtNW7U2Rk798qVxfdMMCteq7VaEWo++swb36ZYrUmQLstmHJYxrso6Gowgh5foDPH3qdl8JU8S0UztKq5K29uu+FITdRXy5sijK5RVFSiqIe01ZXeeAeYP91o+XRuEsj1\/fmot15k50zxReVwMQ39oq1K85L6EToiRw7xZKnUXGZ4WXVNUmCOGpaa\/Wnlig5S2Jm7M4p9AoC6JA12wZ1q6CzOMsmDsjUEDmNCAmkBHF5YiTRyPGovKVWN0roEHVvDSk1pYWz2E8\/SljmFtbi1Pmn\/U4FGJABmkFlX63tokn3BANDHUuI7yDYrFCbOngQdcMrF6F\/y0m7lcCrCsEH6VM\/5X35GI6Um9Ls2No6kgjWs2feMJJZSmUPypjet9oAu\/+9HaW3DETYB2T\/GLr8PMqdT6ZAGrXwN\/B250MPpGQ6kfLSeD2tO+12DMzooA6T4xY8WbZ3TuFFbs1c+DyOvM5T8ymEtJaUXm\/hE2uTw\/qb80RtI3Zra8hf\/lHEFjaJIj0XXdmAcfhZduJiNykqX2jT1SNn1SaWsewvOnh\/hLxZkxcQz949BcmJaMDwgy4sGks9VMr691qiAryfyj+6u8E8ZqAbeh+0MfTUtujj1+YeBjpG0O09CWldnFtqI1\/GXMVhBjv3zp7dktYqDeCqUt3fgIALZmoydS8greNANi2DsFdrhLAiX9rwcRuWNiLnxffa\/xyZMirU0qANeMyWE5FfGr6lZ8YTy8KeBk0FsO2uOG0SuVkwwPohT4benl64ycAqx5hUo8ksF1tb0lXKj\/fBUEEme47qC\/QJm94rKfjmDXhHeJTV14L\/sqiiDYm9GgM4W3iIM+Ki742o+\/7vAQTYwlSFa6CHnEZ\/T\/KXK1F3cO9meiPZnLQWU+9ekdBh\/7cRw+Wzt6qX97\/yOdfVN+lNjUOEeWtf0sARzwHjsfRNQgiJEP2ztt4evcw8DwjPO9PSSb0gP4dOfsHTXm01fuxEe06Yp2ViaJ5VRXwxH6caCImNPb8sMWcceWMLVgkmfpG0Yw0238vzCeEYWDK4Lf2ivT6ojMPQ7HchouCCNhOIuwXyDTi7Q6+ePJkFPIJz7AL\/9ReHs6\/F9i+kopxyf7hMXyu3M1A5m7PEe0aBaxNfIvUM\/9HE9wmNgVJte3Fie8xrMdkOUxjppszc1FTgJ+FNiG0qXNkVbsddmyZvaKQ6XUAbLPsvDxNDuuEJPb1ayCOcd0pM2Y28afLc3k+BoS0YFgnYhgchSSBYfSL7UmADbBjyHI3aoJvezskxUbqtMPz8fX4JMrL7ra1OjXUZPje6GGAPXiUdmIs7WDqRusm7ZuhEefiUmOVp\/NRH9c3g\/+nK1hHWWdJsENq2mOrud4hC+ZVijzqZngpzwneQyuGJluRdmoL06JAaqkR9BJeTU+16f\/BvpqfT+xi\/wZminEczjzBZR8iNkL+UTFZP7Zn6cNn4iX\/jVLddyJBtJrR7tB5CMES8WAvtNmtByCHFD\/vlp0H+2\/5JCqoKu1ZppEZvSClc60j1+DNga7\/bEohCJaxp+WfyyJmxOGmzrF\/GkcJW5o1oyAHajAipjQOb4zsMn5NmRXDrGV8OzPOjLfMUHg6Y+E\/UN\/QX4pzVx4V0MyGYsaMtGZpZ4ifwAUrCDsloOQZW1vALE9Gh9yxWF1CPlHIFwjuvo8kqEsRLxMqcA2jun4yrEuRqafUsmYvP77IwYUoAP3uvHRwefRmKu8f\/z6rYmjGoWljH+0j+NLbLMBvozDNj2KSCl3Lz8f6EG6vZdoET89MYH7m\/58rxrQaG3QohmgjPhVWOoancixkhZzpi65BvQ6xd6JrzFm6lEux05oSycmw8Rq5krhbZapXLL4FSiNXY40kaZiqaxA2fAqppDo7K3XTItkFueBNLKNUNwN5Y8RzJEvnPW3443tE5K6EXluo4jAg5rcwRoN1BGJs90vZOgsmO0MwrHuWKNKinzy6tvpolmO\/XZmLTWeT2Ph2HtDjOUSu1ROZGsi952vP+1yT8UKQUoKk+D+A+p\/xi65IOLtuI0v8E5sIaHSAFFxW0DzwRG3t+YTPJR65ewt9qEpkx1tRZcrq7IxeR0xmUVmcLe41kypiMZsK67FP44PrJvJpxOVSa0yIYJ3C7crIEtjtoCkKPeCKipBcKAu+EEMtiwzxrGivM1QHFUC16\/Uw0NOkFgPbGmMrfDvzQmn1IYjhnhpMyszpyU7v+6dwjFE1g1OPUxAMaI5QZRivw\/KXAHyoy9kk4NU0JJbSU3TLE1RgdV60CFwn9lsjYkhUJ5FzevaX+Pp8mmWvNt5llUS558UuNlsbviuZdSqS3Zm9J3h3R\/Wwa0IOSgzxZEsyv7CQWKPWwxolSCt3PZUTo6XKD9al6vsJ\/xF8jjvFcDXV6WxECtELxK2\/tl8VuHRPvZRI6sjcJm+2C5yum1Vbz8+nD+VQ\/Jk+22SQ8M5GsmVRoCpZBmN5amRuXe1tcvlZc7JwS393h8FFMi9fvF8tyBDEObhYIcLMDF8tyy3GZI5Joif+5Adrx1iNI3WufH2uQ166MzIJ33v\/vAFRiwZUI\/2tRnBwoEGB9Dsu7Is6YqYfHHISOXSDkBDCUPw2nqdInCXi+cynW1keghD\/MDjYqTmMf+IUkkGv3FH9r3aadDE7\/E6uoUogvB\/HCJvxLC5i9vJac6kLm+Umm2VWqqiXlGSXJc8FJ\/7cspu\/2IFHXQL69\/thiCLG9vTzyA+iVs3hh21oBioCdzN8BDfnN8Jei5EmthyVOWwdlycmCvwsQEbtTzkzTUlVB6P2aTAlI7fg9qzK58q6HwJkX\/ZwTC7l5436UzTaw6AucA73SaRTW0bph200PklXeeclY11EW4XEwJEKKzchJO\/oiEHsG8bN4oZlO56MepzYpxu1fxr91f6mn0te2QW12G8eo9FPifCpGifZ0oAewZBgTKVeOhtwMgTtCF\/gE3Ifnxa\/Sn+q79u0kmbFyMnHyWv1dognulVRBByC2I5TtiGic8h9s9pulWie\/qB03Z2npgSRDe93OzLRtgD1vTHUGIMmfrzTV2AlHh1Kn+w9q+VNNGdk6rtOUg1rsPg52jjUGMpfRhgDA5Y0BAhh\/AaX7lOuydyHmJuL1aZCIGwMAS\/T0gxP\/zb3FGFGbD5a9WC3r1WJ\/nCBH6zdcspaNJ07g22LjXp+GclI246dyNSGuvTKDbMrCsgv\/THsrJAGVpD7e3IjuWBd+D\/Ny5oSTwBZ48vuACvtYpwx8+Q+cm\/oCu4ylRbe47x78WWq5c2aav8NrND5V9nVwuDi5MRnCo\/T7l\/LGVtmnqD\/s6vHpmSb05Au\/IzdbN+EfF5ZNgd3aLZfd0MisTymUQ4oJcX811fwLr5kvYUnxJ28tMmOqIuqnxa\/NBDhfVze\/exmIRfH\/eP\/WXATD2SpKt6C25Y2uYRcNHfKthTuXA4CfzPFAHQ5B1\/bJ5I2fIH4VkorWoQKVHO6LW1jvH9jXsYNSpvego3cnUXrV8b6c4tpYbzlIOqh2arfaSOUorddzmU00I5IOARVaKuagxrztKHqtYJa15kDmNq\/YYhPOANo\/I8SWq9bzj9uYeOxnbkaGh3F3EFv5IpVpHZKnMzLjkrkkBcydiyNjF2Fzmfd4jEKbkkXmOR8sd6LGJn7oqxgeO5xC+hDKoBoiuNHolzyROU8Rk6U1JbyzogHcYfVxmmAAdISd5gnNNbjA\/Ex7Y8mJixZQ2N2vZumiOPJ0C1XEolWvF7WL+NFhBdqjpvbcyXdyTVbI7RkTyo7Or5l\/2dRSPGp8i+kYyijkO4kC1daY7l9ltwB0teAUg3L5o9mTRfVnFoL4Uwn\/TGu6Dw9lg1J38AMNbdwio\/qrTjkxjQUAFT8CmMLH6prN56DYUl0jclTlO9RoHtUoWUi1PzOgxf1JP+nzwvwmt9AOJGYS64CUs8YJyq+5EIk3nBrLDYUuv7DOK6pcE\/syIqTMELUZQ0NqAzcsI8kaFhWhfSF6GTLQ7g3wCahSee06qSnsDtempo+b9zQbC4478a0eiTolikgcLZ556borP4g5IuEnoBSO26QfzJcdQnfZPsBW3ZaPOrFcMWE7WFsuNoY0llgF05tLyED4dJIhYdSZtLvqg==","iv":"f6250f2fcd18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