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and consumption of luxury goods is a nice way to do it,” Balaraman said. Abhay Gupta, the CEO of brand consultancy Luxury Connect, said the market for top-end goods and experiences wouldonly get bigger”. “There is a huge aspirational class who look up to what the very wealthy are doing and then copy it,” he said. Cars are among the most popular items bought, the report says. Whereas, in 2009, locally made SUVs were shown off by the wealthy, now only foreign cars will turn heads. Mercedes saw a 47% surge in sales in India in 2013. BMW has launched a new $200,000 model in Delhi. Indias appalling infrastructure restricts demand, however. Lamborghinis Chief Executive, Stephan Winkelmann, admitted, in 2013, that the traffic and roads in Indiaare not so suitablefor the $450,000 sports cars. In India, Lamborghini sells two models: the Gallardo and the Aventador, which has a top speed of 217mph. Winkelmann said Lamborghinis Indian customers were much younger than those in Europe, with a typical buyer being in his 30s. However, the most popular investments remain real estatemainly within Indiaand jewellery. Indias super-rich have long raised eyebrows around the world with their spectacular spending. Mukesh Ambani, the countrys wealthiest man, has built the worlds most valuable home in Mumbai, the commercial capital. The 27-storey tower,

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August 2026