India loses gradually attractiveness for luxury brands
The latest stimulus economic measures announced by the new Indian government have been met with disappointment and negativity by the entire business community, especially foreign investors. International luxury brands have long been waiting for critical measures such as decrease of taxation on luxury products. More and more luxury brands have put India on hold as far as international expansion, focusing on China, South America.
Eastern European markets and other Asian economies might benefit indirectly from Indias troubled luxury market.