Mar 1, 2023
By: Sourabh JainHere is what India’s richest are likely to splurge on, as per a Knight Frank survey.
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A whopping 53 percent of India’s richest are likely to splurge on luxury handbags, compared to just 20 percent of their global counterparts.
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About 29 percent of India’s ultra-wealthy are likely to splurge on furniture, compared to 14 percent of their global counterparts.
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About 41 percent of India’s richest are likely to splurge on jewellery, compared to 33 percent of their global counterparts.
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Watches have emerged as one of the most favourite products of India’s richest, with 53 percent likely to splurge on them, compared to 46 percent of their global counterparts.
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Just 6 percent of India’s richest are likely to splurge on coins, compared to 8 percent of their global counterparts.
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Only 6 percent of India’s richest are likely to splurge on coloured diamonds, compared to 9 percent of their global counterparts.
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About 29 percent of India’s ultra-wealthy are likely to splurge on classic cars in 2023, compared to 34 percent of the world’s richest.
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While Art is likely to be one of the most popular purchases of India’s richest at 53 percent, their global counterparts are ahead at 59 percent.
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While 12 percent of India’s richest are likely to splurge on rare whiskey, their global counterparts are ahead, with 18 percent willing to splurge on this drink in 2023.
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Just 29 percent of India’s richest are likely to splurge on wine, compared to 39 percent of their global counterparts.
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