Home / Knowledge / News / Will global brands buy the India story…
Will global brands buy the India story…
02
Apr '08
Fast growing incomes & affluent life styles have contributed to India being named the 3rd most brand conscious country across the globe. But is India on the global radar for designer brands, is a highly debatable question.

The reputed Nielsen Company conducted an online consumer confidence and opinion survey, the largest half-yearly survey of its kind, aimed at gauging current confidence levels, spending habits/intentions and current major concerns of consumers across the globe.

Indian consumers have been ranked 3rd across the globe in their preferences for designer brands, behind Greece & Hong Kong & ahead of USA and France.

Thirty five percent of all Indians who partook in the survey, confirmed to buying designer brands. They disclosed their preferences to buying Calvin Klein (34%), Gucci (25%), Diesel (24%), Christian Dior (16%), and DKNY (10%).

A 2007 Asia Pacific Wealth Report, released by Merrill Lynch and Cap Gemini, says that India has recorded the world's second fastest growth in the number of high net-worth individuals (HNIs) at 20.5 per cent, making it a lucrative luxury market.

A report of Global Consulting firm A T Kearney has placed India at the top of a list of emerging markets for global retailers in its 2007 Global Retail Development Index.

Another statistic from a CB Richard Ellis report 'How Global is the Business of Retail', which maps the global footprint of 250 of the world's top retailers pegs India at 44th in the list of places for international retailers looking to expand, while China is way ahead at nine.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search