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.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT MUMBAIView all
Steering clear of Trumponomics would serve other countries well
Mint Mumbai

Steering clear of Trumponomics would serve other countries well

The US president-elect's policy plans will hurt more than help the US and policymakers elsewhere must recognize the risks

time-read
3 mins  |
December 02, 2024
Mint Mumbai

Welcome Elon Musk, shadow president-elect of the US

Nobody can predict what part of his inner self will show up as he takes on a new role in the government

time-read
3 mins  |
December 02, 2024
Saudi Arabia's popular culture is changing with liberalization
Mint Mumbai

Saudi Arabia's popular culture is changing with liberalization

Riyadh's moves to open up the kingdom have had a positive impact

time-read
3 mins  |
December 02, 2024
Mint Mumbai

India's slowdown awaits a well-crafted response

The second-quarter loss of economic pace has underlying trends that risk reinforcing its key causes. Indian policy must support private investment, employment and consumption

time-read
2 mins  |
December 02, 2024
Mint Mumbai

A right that women don't have is the right to mediocrity

It's not just Harris. Women are judged far more harshly than men for not being exceptional

time-read
4 mins  |
December 02, 2024
Not Goa, this techie picked Da Nang for beach holidays
Mint Mumbai

Not Goa, this techie picked Da Nang for beach holidays

Harsh Vardhan has been to Vietnam thrice in two years, the latest trip was for his honeymoon

time-read
3 mins  |
December 02, 2024
Mint Mumbai

EPF users to receive interest till the date of settlement

Members of the Employees' Provident Fund Organisation (EPFO) will now earn interest till the date of settlement of their claims.

time-read
1 min  |
December 02, 2024
Mint Mumbai

Social movements need to lead India's fight against air pollution

We must generate the social capital required for people to act collectively towards a common cause

time-read
3 mins  |
December 02, 2024
RETHINKING SME IPOs: SEBI STEPS IN TO ADDRESS MISUSE
Mint Mumbai

RETHINKING SME IPOs: SEBI STEPS IN TO ADDRESS MISUSE

Sebi's effort to streamline SME IPOs is laudable but liquidity must also be a key focus area

time-read
2 mins  |
December 02, 2024
Repatriating FCNR deposits: What NRIs need to know after becoming residents
Mint Mumbai

Repatriating FCNR deposits: What NRIs need to know after becoming residents

When NRIs (non-resident Indian) change their status to resident Indian, is it possible to repatriate the funds from FCNR (foreign currency non-resident account fixed deposit (FD)) for free, without it being subject to regulations of the Liberalised Remittance Scheme (LRS)?

time-read
1 min  |
December 02, 2024