Luxury cosmetics consumption to sky rocket in India despite economic slowdown

摘要

Luxury players across various industries who performed well in 2015 included Dior and LVMH India and this market analyst reports that despite the ongoing global economic slowdown, women's purchasing power is rising and they are willing to spend on a wider range of products. According to the market researcher, over 69 per cent of survey respondents prefer to purchase well known luxury brands in the area of cosmetics, perfumes and spa treatments during overseas trips whilst 65 per cent separately indicated they would pay a premium for well-known, popular luxury brands.