Business Today

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The Great Indian Luxe Festival

Business Today

SHINING ON • THE GEMS AND JEWELLERY BUSINESS IN INDIA, EXPECTED TO GROW AT AN ANNUALISED RATE OF 8.4% TO $128.72 BILLION BY 2029, IS SET TO SOAR DURING THE FESTIVE SEASON. HERE ARE THE KEY NUMBERS:

The Luxe Life • INDIA IS EMERGING AS ONE OF THE FASTEST-GROWING LUXURY MARKETS IN THE WORLD, DRIVEN BY A RAPIDLY EXPANDING ECONOMY AND A THRIVING POPULATION OF ULTRA-HIGH NET-WORTH INDIVIDUALS (UHNIs) WITH A STRONG APPETITE FOR HIGH-END PRODUCTS. CONSULTING FIRM BAIN & COMPANY PROJECTS THAT INDIA’S LUXURY GOODS MARKET WILL REACH BETWEEN $85 BILLION AND $90 BILLION BY 2030. LET’S EXAMINE THE FACTORS DRIVING INDIA’S LUXURY MARKET GROWTH

Status Quo • With recent geopolitical conflicts, the RBI has been watching inflation with a keen eye. But experts believe the impact of these conflicts has already been factored in

REVVING UP • Strong institutional investor participation helps the ₹27,856-crore Hyundai IPO, India’s largest public offer, but tepid debut dampens sentiment

A Bold Start • Learnings from the pilot PM Internship Scheme would help shape a more nuanced programme and give youth hope about getting a good job

LEADING BY EXAMPLE • The World Economic Forum has lauded India’s pragmatic approach in clean energy. It feels the country will become an important hub for clean hydrogen in the future

‘‘If Danone wants to be a global leader, it must be big in India” • Danone CEO Antoine de Saint-Affrique on the company’s game plan for India, technology, and much more

THE STORAGE BOOM • DATA CENTRES ARE BEING BUILT AT A FRENETIC PACE IN INDIA AS COMPANIES SCRAMBLE TO MEET THE BALLOONING DEMAND FROM MOBILE PHONE USERS AND FIRMS ADOPTING AI. CAN THE COUNTRY’S ENERGY INFRASTRUCTURE KEEP UP?

India Beckons • Owing to rising incomes in India and over all wealth expansion, luxury brands are wooing the country like never before

Exclusive, Extravagant • The luxury retail space in India is undergoing a profound revolution, powered by the country’s rapidly expanding economy and rising disposable incomes

The Essence of Opulence • What is luxury? Three of India’s prominent luxury connoisseurs decode what makes the cut and what doesn’t

Timeless Elegance • A watch is the quintessential accessory that defines style. Whether you favour classic styles or sportier designs, here is our selection of the finest timepieces that are capturing attention in the luxury market

Stunning the World • With an increasing number of celebs wearing their creations on red carpets across the world, Indian jewellery designers are basking in the global limelight

The Art of Flying • Flying in the lap of luxury isn’t just about getting from one point to another. The journey can be as rewarding as your destination

Regal Holidays • Whether it is a palatial dwelling nestled in the rich heritage of Jaipur or a modern-day nook in Goa, here are some of the new magnificent hotels of India

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If You Know, You Know • If there is one phrase that perfectly captures quiet luxury, it is ‘money talks, wealth whispers’

CONNOISSEUR’S CHOICE

Palatial Splendour • Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

Make it Bubbly • Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

A Lifelong Affair with Inspiration • In my art journey, the...