Yes Bank news and archive

India to witness rise in consumer spending

Led by a rise in brand awareness among Indian youth and purchasing power of the upper class in Tier II, III cities, consumer spending is expected to grow four times to 4.2 trillion dollars (around 244 lakh crores) by 2017, says a ASSOCHAM-YES Bank joint study. The report states that the Indian luxury market is estimated to be worth 18 billion...

Apparel

Global luxury CEOs to invest in India after reforms

A majority of global luxury brands consider wholly owned subsidiaries or joint ventures as their preferred medium to enter India after the government relaxed foreign investment norms early this year. This was revealed in a study titled ‘India Luxury Top Management Survey 2012’. One-fourth of the 300 luxury brand CEOs who participated in the...