The Luxury Market To Be Developed Will Hide Huge Electricity Supplier And Tourism Potential.

At present, the number of billionaires in India is increasing rapidly.

But this group of luxury consumers can only spend money on luxury products abroad.

The reason is the lack of local luxury brands and the lack of international brands.

Although there have been some local luxury brands in India, today, apart from the hotel group, it is hard to find the high-end brands made in India.

In addition to the traditional luxury market, India is in luxury.

And tourism economy also shows huge market potential.

Like China, India also has a large number.

And mobile phone users.

The Internet users of smart phones and tablet computers account for 70% of the total Internet users in China, and about 300 million users have enabled the electricity providers to flourish in India.

Of the 500 top luxury brands in the world, only 30% have developed.

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In contrast, 70% of China's luxury goods are among them.

The lack of such high-end brands means that the competition in India's luxury market is relatively fierce. Luxury brands can enter the market at a lower cost. India's luxury market is bound to develop rapidly.

The world's leading independent third party market research firm Rui information consulting also predicts that by 2019, the size of the luxury goods market in India will more than double to $5 billion 600 million.

Although the size of China's luxury market is still smaller than that of last year's $23 billion, India's luxury market is growing rapidly.

In addition, the company's data also show that luxury goods sales in India increased by 25% in 2014, compared with 7% in China.

In addition, the country has continuously released the Foreign Direct Investment (FDI) policy in the past two years. Since 2012, India has started to approve foreign single brand retailers to establish wholly-owned businesses in India.

In 2014, the government of India also indicated that it planned to relax the entry threshold for foreign e-commerce business, which brought great investment opportunities to the retail industry in the country.

For luxury electric providers, this is undoubtedly an ideal market.

In addition, as one of the oldest civilizations, India has gorgeous diversity and rich cultural heritage and tourism resources.

Such tourism resources also help luxury brands to develop tourism economy.