It is truly luxury’s India moment

TAKE A STROLL through New Bond Street in London, with sprawling stores of the finest global luxury brands lining both sides of the street — from Gucci to Burberry, Cartier, Dior and Hermès — and you begin to think how, in earlier times, these were brands Indians would have to travel overseas to buy. Cut to 2026, and nearly every major luxury brand is available in India, with all of them vying for a piece of the booming Indian luxury market. And why not? With the number of Indian billionaires and ultra-high-net-worth Indians increasing every year, the spending power of upwardly mobile Indians on the rise, and the emergence of luxury malls across major metros, India has become the next big thing for the global luxury industry.