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Luxury retail is a new arena in India in the emerging retail scenario. Luxury business has always been high margin, low volume business. India with its burgeoning economy and growing rapidly at the rate of 9 % per annum is attracting luxury retailers of the world.

However, Indian customer for luxury items are as enigmatic as ever. There was a recent news of Wife of one of the richest India industrialist chose to source  finest china crockery from Sri Lanka rather than India for her Rs. 1 billion Rs house as they were tad less pricier. This a good example of Indian mindset and I see nothing wrong in it. Click here to Read more