India’s wealthy and how they spend it – beyondbrics - Blogs - FT.com

India’s wealthy and how they spend it – beyondbrics - Blogs - FT.com:



"Jimmy Choos under your sari and an African safari for the Diwali long weekend?


A new report by Kotak Wealth Management and Ernst & Young – Top of the Pyramid 2014 – finds that India’s super rich are “ready for change” as a strong new government comes to power in New Delhi – and they’re spending to prove it.


The researchers spoke to 150 Indian “ultra high net worth individuals” – members of households with a minimum net worth of Rs250m ($4.17m) mapped over ten years – and to members of the luxury and wealth management industries. They began work early this year, as consumer sentiment centered on the general elections and the prospects of a change in government."



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