Not just HNIs: India's middle class and HNI aspirants fuel the luxury market

If your luxe label is focussed on just the slim sliver of the HNI market, it may be time to put up the shutters. The smarter merchants of luxury don't have just the HNI in their sights. A bigger oppor...

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Last Updated: Nov 06, 2023, 11:56 IST3 min
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Sabon Gida is one community in a private-public initiative involving the World Bank and US-based mini-grid maker Husk Power Systems with the country"s Rural Electrification Agency. Image: Kola Sulaimon / AFP©
Sabon Gida is one community in a private-public initia...
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The guys at the top of the pyramid, for their part, may just be looking beyond the material, towards the experiential. How about, for instance, a 27-day global private jet tour packed with cultural immersive elements? For more on that, Darielle Britto’s ‘Around the World, On A Private Jet’.

Is there a downside to the luxe life? Perhaps, if you’re borrowing and binge buying like there’s no tomorrow. But, of course, there’s a tomorrow (the pay-later part). The larger picture may be of a phenomenon sociologists dub ‘status anxiety’—those of modest means trying to keep up with the opulent Joneses. But let’s keep that for another day.

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For now it’s hello, good buys.

Best,Brian CarvalhoEditor, Forbes IndiaEmail: Brian.Carvalho@nw18.comTwitter ID: @Brianc_Ed

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First Published: Nov 06, 2023, 11:56

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