Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and geographies are shifting, as highlighted by the new Luxury Global Barometer from Simon-Kucher, a global strategic consultancy founded in Germany in 1985, conducted among more than 1,000 consumers worldwide.