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The New Taj Mahals
Business Today
Premium Pursuits • India’s luxury story is just getting started. From $7.74 billion in 2023, the market is racing towards $12 billion by 2028, according to global management consulting firm Kearney. What’s fuelling this surge is rising incomes and a young and ambitious consumer base eager for exclusivity, experiences, and global labels
“Will see almost a doubling of luxury sales” • Santosh Iyer of Mercedes-Benz India on why sales of top-end cars may rise more in Jaipur and Indore than in Delhi or Mumbai
CHECKING INTO-LUXURY • GLOBAL AND HOMEGROWN BRANDS ARE RACING TO CASH IN ON INDIA’S ROCKETING DEMAND FOR LUXURY EXPERIENCES BY OPENING A WAVE OF OPULENT HOTELS
INDIA IS A SUPPLIER’S MARKET • Puneet Chhatwal, MD & CEO of The Indian Hotels Company, on what makes Taj a standout proposition
Where Hotels Meet Homes • Developers and hotel chains see opportunity in projects that blend hospitality standards with luxury living
THE LUXE WAY
Titans Of Luxury • Indian luxury is booming, with conglomerates like Reliance Industries, Tata Group, and Aditya Birla Group expanding aggressively. The $10 billion market is projected to triple by 2030. Reliance leads with global brands and luxury malls; Tata is growing through Titan and Tata Cliq Luxury. At the same time, Aditya Birla is focusing on fashion and ethnic wear, each using unique strategies to capture this flourishing segment. Will the fight for market dominance unlock India’s true luxury potential?
What the Big Three are doing in luxury
GLOBAL LUXURY SPENDING IN 2024
The Luxe Rise of Jaipur • With a wave of new luxury hotels, and its ascent as a destination for art, fashion, culture, and design, is the Pink City reclaiming its place as India’s premier luxury hub?
NEW JEWELS IN THE CROWN
Heritage Craft, Global Heft • A slew of luxe brands is championing India’s craft heritage on the international stage, swiftly solidifying the country’s status as a creator of artisanal couture
CRAFT DESERVES CREDIT
Electric Drive • THE COUNTRY’S CAR MARKET IS UNDERGOING A TRANSFORMATION AS HIGH-NET-WORTH INDIVIDUALS OPT FOR LUXURY ELECTRIC CARS TO MAKE A ‘RESPONSIBLE’ STATEMENT
SAVE BIG WITH OUR ANNUAL OFFER
A Barrel of One’s Own • Private cask ownership is redefining luxury in India’s whiskey landscape, with bespoke programmes enticing collectors and connoisseurs alike
RISE OF INDIAN CASK PROGRAMMES
Whiskey, Delivered Neat
At Home With Luxury • From classic art on the walls and environmentally sustainable living spaces to personalised interiors, the affluent Indian is leaving no stone unturned to make a home that can uplift more than his social status
WHAT’S IN
The Haute Beauty Boom • The world’s biggest beauty houses are racing to make a splash in India, the next billion-dollar destination
THE NEXT BIG BET
The Scent of Desire • AS GLOBAL MAISONS AND HOMEGROWN LABELS COMPETE FOR ATTENTION, INDIA’S UNDERPENETRATED LUXURY FRAGRANCE MARKET IS TURNING INTO A BILLION-DOLLAR OPPORTUNITY
WHIFFS OF INSIGHT
Beauty and wellness market overview
CLIMATE CHAOS WHY IS IT HAPPENING?
India’s Art Awakening • BY PROMOTING ACCESS AND ART EDUCATION, WE CAN SHAPE A GENERATION THAT VIEWS ART AS A BRIDGE BETWEEN LIVED REALITIES AND POSSIBILITIES FOR THE FUTURE
Luxury of Time • WATCHES WHICH REMAIN TRUE TO THE GADA SENSIBILITY OF GO ANYWHERE, DO ANYTHING
The Art of Arriving • REAL LUXURY ISN’T JUST THE DESTINATION, IT’S HOW YOU TRAVEL. IT’S IN THE...