MODEL CONTRACTS FOR SMALL FIRMS LEGAL GUIDANCE FOR DOING INTERNATIONAL BUSINESS
India has more consumers for luxury goods than the adult population of several countries. A
recent study
2
, on the luxury goods sector shows that, there could well be more than 1 million
consumers. The projections are that it will treble by 2010.
India is leading the demographics in terms of the growth of HNWIs, as shown in Table 3 below.
With an impressive 22.7% growth on a base figure of 123 million (in 2007), as shown in Table 4
below, it is clear that India will continue to remain a destination of choice for sale of luxury goods. ...