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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75drCH521N6A4jAMzC4BNB30fj4gKycPTN+0O+QxHAUkS57PoBGcVDQfaWdaihVQJ1FyqmwWnwvbaLKuybdjj33MLxmQTcYRNiwsta+Cjuf4NaflYWXcz1Xw4WwQGnEDHx5SdscwOAr00MVxdHhwmvKeT9HgfvYW9FXO+JYCkApCwmEpbwu5aVlvAUEFY0UDaervHOy0eOeUfVz2MCpva+8Ry5aDMW1Ftkok\/vBY0AfOwmheWFI6\/\/otdu3RNt1dFFg0nvXjL6rzbEHr10CarGgWoAIaS9mqFzuSlWvJaEn0Fyy2FzX0o6BNFdpA1Z6jgNbHxfPJXWMccbJUcWH96qk8MOKWM7r+RW+OzUpABYBRJCC68AtlOi7MaGbg8U3uS79gISnwxqo5bfDBnu9S08JBlxdU9rE9UUVwj4tipF1e0L6KEwl1lWuAr9fjrVt3TcJneCjkMIPnNZJDODjfSCyzbwH4VrQo5GcIARF1t0kGUoqB3JOM7EEurNrDfB0k2rfjixgHGDLWX6xXXowHMsim7jp9TLzLe+rLN1\/Z9vUd2UN+vLMqAIDdlKc74UWwqi4y5XiNt1hnfLPcKoIDBPCpnAh4GscPJLYRUkmokpX6jnGEUwo1HDSQhaPA0LkGKVkt6\/OR2HT6UgQm1ooImITn8m\/2Qx3Lx7D+6aRxZqiMK\/ybLRJENW8xUHovKzCJCwMV+D9ghyHqx6\/BEop1HAoy2\/Qw5CL490\/xQFsyK7N9U\/ugJOuIeUS\/Xfw3l6umvqTt7mkeHmxrMQZiw\/xXtzQ4P+fuYTY1vIkUApfi1keX35srKX3vc9sokKvXcbYnmhycKFEB3ouhC84dPSAztdQSIpPKk\/GJUoTVYKhofR43otBUyolnyD4WuRJw\/eGEujvU4XXrwWgBrRZsqU7MoGcdH\/f2835bpghTwA7HB3\/cB6eLQskcZN1ZoYjAyWAehK1la5oRM3Jq7PfDdrAS75Mf4QgxAJVKYFzAEKrCrw9WcTo62UpQHglhmbnLYugpNF6vIzkdP1VRs4Nb\/XHEPA1C0v+mTC9yziYLNDHfUY+ogjaWLxJZo6YZgdB4HiDSkdKAvOlM6X+IXRSrPxbcGSzyUNSVWYuBZ+oZue0wNJkDhW\/nY\/nCrtJa9LVuf7cYPWcu7ruOHpOQg3j2EQlxmrS7oWHtPSmb4UUmdCQ9jZav1ra+oyvhcl\/+c6k9TIPYOUf0vbPsC4Vr7KcV+VGXwdgBDwKyxkyrfGtx7Z2gnbR386d0Q4jlXM1JsNS8cixF3Qa0LzjHX8vKk70Hiz20+9rBi5mXHvYTDu\/xu882G1\/XFlMh5\/ze7I+r8yMmpW5VJyOTxGJCv9Q88Aa9ea1g4sCfv9SNMr1SpMWmdovLihk89UvoAYDDya3M6tKRRyRJGwKso1ogM9+qk00zCNHOFcTy04u8mEWdDqIqZ9pkZH2\/diEbejRC45JSByJJM7MTWKHThqYNp1Wvz6r+DYMjmsHOXDrSThR+qUSTwR3tbqQJioLQKPxK3XRsmAtZWuc\/zLmVf76iPWMxJzjorRXQniqQrQtXF42kaVCFId\/mlosEhIA3m+wuJ33Vp3qC0oD3YyOQE6g45P4GWwHvCg\/l7JLtfVp2IEBTe34V52oF1AQKSwxLVqhogPC1JRaK2wBZSkSzyPKNzmuX81UnLjutqAVAeq6c7nu55gWq+9FO7UBfDt+KdwyKYmEkRVL\/hkfIb6sF9i0qzBJx4RkPJEbanhWo5csMFb+AFwu+zJQOdYJ3BqFCTiZJKfImldfQzu7e9SaNL7YAiQA7o16vrorWoxwaieR5Zgyg8a73ybnYm9UzdFOtgkU\/sl7QHDGnGuDxQS4xxNt2zTcsHPKWNqzcSTL6AvuvPbgFU21YNq0rmXOC3irTcvDyH6jq1IW+NLYGaJ4r3L09T4bhqF9p0PYIGc\/wipqtMLcTm6\/fDTrXQt+oBKHYIDXSnTSpA9F3vqmroZFH9XU\/QErzAEF2Cu1CDJya4VPqt75Or1thBYS2Mf\/G1y8H\/lM7ZPV5Zd3nUAY0pl3bJI9JT+NyzzHVt6Lvn7B\/F8id0Kh3bdZCysoNjsi4pvJBYXhmOALLARBiWPIT9uyc14Odp04M9KYHsCQVtBc6YT10rlc5UFylSIGR5b8absyWAkPZgWMp9mjUnb3RsKmsYI0XlpskXV90Z7T+xh8d4Q8U87WCb1h4jmN1u23PyQuTipJx1Pv4aMndiexfrmCwgv+6y6g58y7gopXts62XsV2U1endMkC1FPqE8dgIMmRNp1iyi4UHrgQAOnhWSz0BpofxqJ8T9AJPRZw08BCyTUd77FA+65NQdECjBNB4OFoEojW\/aUwguVln0rL7TAa4UBXH+iUW5a1ix2hB5l6gNE7Hy0tYqrHH6BNLqwkpOfRmUQD1vzxwqpj1cVxeLL05jA5NtABYXeWtuRWM43sHmByHYaVROGVtkKJJmJZw0b5G1C4+r5v5PDOuwIRwBU\/tauBBVlNu0IZGqPQWZtTtEjWgKGa9Uq5WAHuG0icy7Spp5FzYa4IN58T4tIJYDwWGwqqNsKspn85jq\/IsdxTkN5YoJTZFO5PKn949acfRiYPN3bOsWXHmqK6lb\/m0UrVQKx3ZsZfaSl8elgpwVl\/e6GkBkUEyPY6Qlk10XzjvZeZe3Kj2yBs0u97cOs0Hy5e1rWghBQcZ38z2ViUzr133QxqjwFCyVOBiz+t3TDcgeGnsOGM+WsIJRccbJk258nP46RfKfycThFqnH36tTIOLu1KQD9hsn8b3\/IYkhankiiNsoik1LVZ79yLgnasrk6LRSHKLe5xjNO8TCc7qp7iagDrj9BzX7llZgV9LR4Y36hxA5VBKLuPlZ6UpmaVybcbjDmaD1l1nD3KzUx3zJcE8PWdhfrEfVPL8V4SQP5\/RkXgFopHDqEZHjn5qDf\/BVt7zUfVAr8FUoWuCQiJqdm6aSTfF0lSUBt6qicfST4zGLOckMS8KSMEy0cYxxNIAPcIHYNAqVJFatP2oB2xSz3CMCsXKhvTMwCYEYoftD9y7pQOWfDyLg5yP2BuQOEusJQSK9PWTbgF\/8Xc5n7Ryo56GK9IV7p+4UxYULIfAfg\/chcm5EBcVx71ArkxiGdhqz\/PAiqsdYOY9Lr9eAiMY11CJW0P2iFnpbso7XHXChyNQ4bdvyfwsew7uv7BWpUFBPlL9mDPokosgo4YOv9OnrV+zPbeLkw8XQ3VBM3995qlfEvQhFhzXJMLL0\/9YojLkpXVX0OxyxeWitKgVohbmPsRz0uClg0NjiHurqJd8JDcbMn6UAYFFNoWBTyxLKw\/5CeIGPx8uEKV04uNcMIxXTgHIbNNWp\/lvROPidpqW5JCs0oYbPCDVUDNWSGOpaCx4V9dSIQMhhqlY38XNizJ\/B1QK8dAv3jPOBRGEErMNuwKYxP1tU8HUQAjZ89Euo2pfdgDuGtmvJMIswSUmljP7qviBJScAnmqm6L5ZoYl13elxsZ7W9DK47Ql292mwMzll7BKvKaNt4ytk57iHuoYHtGv3B1sL2Ahv+cuFZYzDnSHmz+pUmxuZQ1QmCvuATdVIj2O+Bs5kCNYIFiTrwPZYWpMhrVtxiONNbT0A864j21tHn4PfL+YvLRKnMbWOHHSfTX9x4JwG9xULiwfxbe4u5qoi11YWDLKJIFziVFObQOsTm7P6fCLetbd1zrow4HFY0rlC4UlqpUyCcrmBSowHWptMfWlhc3kv\/+RWhCcB1YqHuva8WBE15KhVa933f6unM4KcJxfWhjl0UyuzSjuAPJFWdbMn8WeptOWrDbSWxmzX9+zvTX68T55h9r68x9rrCvFhdZFh\/sS+xvFSoXosuEAZSiSyCvqogLl0KNydF4N7Q89yj3IQFbdo04b1M129iEr0h1dkW2BMwEOGklZfQmSTRfUMHI2J\/d6LWPGKM8o596WKQCTluI74ftMwZvf1XH\/WD73lj51Bksc\/QAjAFrjzUTge70neMjcKSQpW0EvcIIECkT53oeDFE2PD8GB\/DHip6DoXjMHUajIgSidKhl1EvB3ythYlhJmibyj\/wtOK3I3vCDVQ1T6KiGEjA+dbDicjLnYOTtD8G+pPcKpgns9BNyQzjnRqgx1u6LXZrlBSU5HZkXjs0NHFRQJ5zSPruvUNMggrYXIA08cSZhe+bnn\/CO7H6NYQ77R6W611a6vw4NZyBGwiQNZvtV1ndU7BOHahr8Ne1rQIUQxN5MZrDjpjRGAhxnGBGTv0t2BnkknoD0K3qE0T+\/JJ8+v2oiVsBV6NEzWZzj0ykJ5lf6i338pnfl5BoEbC\/qG+GD9SKgxDKruvEQ5xk+1twaR795dtbOhqy90cQ9Ygdj3h\/Js9XvbvsSjTtgXh3SORkkWEilorposZi4w1talMsJ+Bw0DU\/GqkZkiPMMIW9Nshs5n6LGoElXdKPACFf6lW1pDIgMLkcX0qgrkHch6+0SV93t3zNE2TkeUlxMorA+vxuQxaoP+lAhU15uJXFcu\/HbvJMbBl8RsLPL8lckJXUl\/EpzgemTqcXNwIHsNiroCviem5xj0AqDTsZvi8B6iK\/wLuR4baSn4RypfRWvHmkzS0C1UsvAKoYrRs7x0u05wLoSMvbCW89xjdKWYTUWSr\/up+hJ8WXbZUM514SLlWeOYbTwdkkTu6Isj8TBWa5nApcU8q3FabUHkYuwV0myGYcgizT7BeL8Z017SVFh9vLHDUVSS5Lu4vKKryYUd6U4kbSWk7xVAiYO098M0NumZTvy1Risq3\/RM0L\/8SrCc\/zl8SiJcomkXHyLeHOYgiDMV+guwos\/iv+Z1hFfO6p7BN6ha4x+Qykv+twGTGJUP6WVhjjUVDl2HXXFBIpN45QNZjDkuO5VDTH858yjnaXlePhM67\/dKuJbrbGsRw==","iv":"d8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