Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Young India's luxury DREAM

Mint Mumbai

|

January 20, 2024

The world's top fashion brands are flocking to India, hoping to penetrate a market that has more retail space, better defined online shopping experiences and, most importantly, a growing young population that isn't shy to live the high life

- Pooja Singh & Sujata Assomull

Young India's luxury DREAM

For the Singh family from Amritsar, Punjab, visiting the DLF Emporio mall in Delhi is like a mini vacation. Every three-four months, Sukhwinder Singh, 39, his wife and teenage son drive 450km in their Range Rover to the national capital for a two-day trip. They stay overnight at a five-star hotel and shop for clothes, shoes and bags at the luxury mall.

Their shopping bill on their first trip of 2024: close to ₹10 lakh. Singh, a businessman, picked up a red Gucci sweater with an embossed “G” pattern and a Louis Vuitton wallet in Damoflage canvas; his wife, a pair of golden Jimmy Choo heels, along with a Barbie-pink Valentino purse and a Sunita Shekhawat necklace; and their son bought a pair of brown leather Bally shoes. “We hardly get anything in Amritsar. So, coming to Delhi feels like a festival…two days of non-stop eating and shopping,” says Singh, wearing a black sweat-set with the white Fendi logo splashed on it and black Louis Vuitton boots. “I like luxury clothes with big designer logos,” he says. “You know Diljit (Dosanjh, his favourite singer-actor)? Just like him.”

That same Wednesday evening, south Delhi resident Krishna Aggarwal was also at the mall to buy an Omega watch as a pre-birthday gift for himself—he is turning 29. “I like quiet luxury,” says the entrepreneur, dressed in a deep-blue Hugo Boss jacket, matching turtleneck sweater and jeans. “Not screaming logos,” he adds.

Singh and Aggarwal share one thing in common: the desire to own luxury products.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

BYD bursts into top 5 of India's EV firms

In the back of an almost 80% surge in sales this year so far, Chinese carmaker BYD has jumped to the fifth spot in India's electric vehicle (EV) pecking order and is revving for more.

time to read

2 mins

December 02, 2025

Mint Mumbai

Mandatory govt app on phones may spur industry pushback

A push by the Centre to phone-based curb scams by mandating a government app on every smartphone in circulation is likely to be opposed by the world's largest handset makers including Apple, Google, Samsung and even industry bodies, according to multiple executives Mint spoke with.

time to read

3 mins

December 02, 2025

Mint Mumbai

Mint Mumbai

India's CAD moderates in Q2

India’s current account deficit (CAD) moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.

time to read

1 mins

December 02, 2025

Mint Mumbai

GST reset riddle

India’s latest data on goods and services tax (GST) collections was keenly awaited as a signal of the impact of midyear rate cuts.

time to read

1 min

December 02, 2025

Mint Mumbai

MEGA BANK MERGER: WILL IT AMPLIFY RISK?

The government is reportedly preparing for another round of public sector bank (PSB) consolidation, five years after the last major merger exercise brought the number of state-owned lenders down to 12 from 27.

time to read

3 mins

December 02, 2025

Mint Mumbai

Anil Ambani moves SC over fraud tag

Industrialist Anil Ambani has moved the Supreme Court challenging an order of the Bombay High Court which upheld the State Bank of India’s (SBI) decision classifying his and Reliance Communications’ accounts as fraud.

time to read

1 min

December 02, 2025

Mint Mumbai

Mint Mumbai

Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

December 02, 2025

Mint Mumbai

Mint Mumbai

UK lawmaker Tulip Siddiq sentenced in Bangladesh graft case

Bangladesh court sentenced British lawmaker and former minister Tulip Siddiq in absentia to two years in jail on Monday in a corruption case involving the alleged illegal allocation of a plot of land, prosecutors said.

time to read

1 min

December 02, 2025

Mint Mumbai

Rupee at record low, no US deal drags

The rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with the US.

time to read

1 min

December 02, 2025

Mint Mumbai

Mint Mumbai

KOCHI'S BOATS CHART A NATIONAL COURSE

India wants to modernize its ancient waterways for mass transit. Can it be a game changer?

time to read

8 mins

December 02, 2025

Listen

Translate

Share

-
+

Change font size