Jul 29, 2008

India to become mfg hub for luxury brands: FICCI-Yes bank report

India is all set to become a manufacturing hub for global luxury brands in the next four to five years, according to a FICCI-Yes Bank report on luxury brands. India has the fastest growing High Networth Individuals (HNI) population in the world, income level of consumers are expected to triple by 2025, and an active age group (25-45 years) is set to rise to a third of the population.