Why Luxury Brands are Flocking to India | Vantage with Palki Sharma
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- Опубликовано: 25 авг 2024
- Why Luxury Brands are Flocking to India | Vantage with Palki Sharma
From iconic fashion houses to luxury automotive giants, India's luxury market is booming.
Global luxury brands are courting Indian celebrities and some of them are even "indianising" their collections.
What is driving this surge? What explains India's newfound love for luxury goods?
Palki Sharma tells you.
Also Read:www.firstpost....
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Luxury Brands | Fashion Houses | Automotive Giants | Indian Luxury Market | Firstpost | World News | Vantage | Palki Sharma
#luxurybrands #fashionhouses #automotives #indianmarket #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Waiting for the day, when our traditional fashion becomes a global brand. Our craftsmen our immensely talented, which is passed down to us by our great knowledgeable ancestors.
True my heart breaks to see our entire new gen wearing hoodie & plain oversized t shirt & jeans blindly following “Korean” fashion these days the cheap clothes they r buying comes from China not Korea! 😭 no one wants to wear salwar suit/kurti anymore in cities it’s sad & heartbreaking
The West is trying to destroy it with their evil capitalism, it is not art, or fashion: it is an other face of colonization.
@@D.2601
I think one reason why not many Indians wear dhoti is bcz dhoti is not seen as some cool factor or modern factor.. it is seen as rural.. we can’t keep saying that our youngsters are not following our culture bcz we haven’t modernised our culture to blend into something that is fashionable..
Our craftsman are already in action and getting recognised
ruclips.net/video/Qy2JWUOwTWQ/видео.htmlfeature=shared
@@-bigChungusVerified
People wear dhoti and saree proudly but just on special occasions.
They don't wear it casually coz they are not that comfortable.
Does Korean wear hanbok daily? No
Does Japanese wear kimono daily? No
Problem ye nahi hai ki daily nahi pehante magar jab bhi pehne garv se pehne.
I’m happy to see my India prosper but as an NRI I would like to advise my fellow countrymen to not become too materialistic because the west is suffering from it and it’s not pleasant.
As an Indian I am very proud of our nation thanking PM Modi ji and our great Hindu Nationalist government BJP! We are sending rocket to moon and our people are driving the Benz and wearing the Prada as nicer than the Britishers have! Even if many of India people starve and have no toilets, even if the slums are festering, even if when we sick we have to go to Ganga for cure only, we can all still being proud for our Bharat! Jai Hind! Jai shree ram!!!
I am proud of you seeing your thoughts about India ❤ and i assure you Indian Guru's/Maharaj/Baba's are doing well and teaching how to live far from materialistic world they are continuously teaching us that how useless is materialistic world 🙏 jai hind ❤
You went there because you wanted to accumulate wealth. Now stop advising Indians 😂.. you come back and live a modest life by example.
Exactly, we should use our strength of English language, influence and money for the betterment of our ancient religion and our nation and not to buy stupid stuffs from west
@@rajkishorebehera7489but don't encourage overpriced isha/ art of living products. There are genuine products from Indian craftsmen who are quite premium, can buy them.
Its time to promote and consume indian brands only.
If this is to come real Our product must be at competitive price without compromised quality when compared to overseas brands.
Incase as a consumer we can give concession of quality for luxury brands of india to promote them.
Believe in consumer power , Consumer can shift profit from one brand to another brand . So,it better to promote local brands
And also make sure those products are not white labeled of non local brands before purchasing
There are Indian luxury brands too.
@@user-pv2xy1og8hwell take your stomach burn elsewhere. We will always be a HINDU majority state.😂 There's nothing you can do about it. Go cry in your mosque
@@blobofconsciousness If any one can offerd luxury...lets stick to make in Indian products that circulates money in our country only
@@blobofconsciousness That's the point...!!!! There are many luxury brands based in our country. Sabyasachi, Abu Jani Sandeep Khosla and the list goes on. But nobody knows them outside of our country. On the other hand many Indians do know about brands like Prada and Gucci.
Fashion culture, actually, originated in India but due to different foreign invasions India became poor, this affected their life style. India's old fashions are now adopted by the world and you can see it everywhere in the world.
As an Indian I am very proud of our nation thanking PM Modi ji and our great Hindu Nationalist government BJP! We are sending rocket to moon and our people are driving the Benz and wearing the Prada as nicer than the Britishers have! Even if many of India people starve and have no toilets, even if the slums are festering, even if when we sick we have to go to Ganga for cure only, we can all still being proud for our Bharat! Jai Hind! Jai shree ram!!!
Absolutely true!!
India dont need " vuitton" or other western brand/fashion at all!
Since millenials India was the epitome of elegance.
Like Japan.
The West has sold its beauty to capitalism a century ago.
@@user-pv2xy1og8hAryan Religion never did anything good to India.
Indo aryan Brownie oppressors only knows to supress and harrash the real Indian people.India Achieved the Space Dream because of a Dravidian Muslim Named Dr APJ Abdul Kalam Azad.Indian Constitution was written by Dr BR Ambedkar a Dalit Whom the Indo Aryan Lindus consider Untouchable and use to spit on them, Homi Jahangir Bhaba a Buddhist outcast for Lindus, Raja Rammana a Dravid Made Nuclear weapons for India.Lindu indo Aryan calling themselves indians 😏
@@renacleerican7824i tell reality of luxary brand reality if any indian, African or Chinese worker make any handbag it is accessory and sold in cheap rates. But if any French, British worker make same handbag it counted as luxary.
Atleast luxary items should have expensive material used like gold, diamond but no it just similar leather.
What I've observed is that it's all about mixing poor financial education, easy access to credit like credit cards, and the influence of Instagram. People want to "flex" more than they earn or have, and there's a widespread desire to become a social media influencer. This trend is mostly prevalent among young people, as opposed to adults who usually have the financial means to afford such lifestyles. If this behavior isn't addressed early on, India might face similar financial struggles to those currently being experienced in the US with debt management. While increased spending can be beneficial for economic growth and brand profits, this "empty growth" is not sustainable in the long term.
I would always always prefer the works of indian artisans and weavers. They make amazing pieces with hard work.
its actually not about luxury but about brand showoff.
Yes. I bought a Michael korrs handbag. After one year I noticed tear in the corner of the bag. But my 4 yrs old non branded local leather handbag is still fine.
You're just paying extra money for a label of someone's name. And advertising for them at the same time. It's a scam.
Credit card purchases on luxury is worst investment of all time.
That's what most do😂and flaunt
@@anish4775 well then be prepared for after shocks 👍🏻
We Indians should not chase money and become too materialistic . We should focus on spirituality like Bhutan . "Things you own end up owning you "-said by an wise person .
We must chase money to prosper, but not become materialistic.
@@Ankit-kh3fs I know so many people who buy iphones and macbooks , branded clothes, goes to fancy restraunts still they are living miserable life . I also know many people who poor but they are quite happy with their life . I try to save money as much as possible .
@@debanikgoswami4834
We are talking about general prosperity.. where majority population earns around 20000 dollars.. prosperity doesn’t guarantee happiness but a general peace of mind
bhooke nange log yhi gyan pelte hain
@@debanikgoswami4834 crying in a Ferrari is better than crying in a rented house.
"Money can't buy happiness" is just something poor people say to make themselves feel better. I've never seen anybody sad in a Ferrari
Look, happiness is complex.
Good health brings happiness. So does good relationships. People also need fulfillment, purpose, and connection. Developing gratitude and serving others makes you happy.
But one thing is for sure: money CAN buy happiness.
Or perhaps a better way of saying it is that you can use money to enable good choices that make you happy.
It depends on what you do with it!
On the flip side, and more to the point, money can alleviate misery.
I’d rather cry in my Ferrari.
Money doesn't buy you happiness straight away.
it buys convenience.
Convenience buys freedom (of choice.)
Freedom buys you satisfaction.
Satisfaction buys you hapiness.
( you can be happy but not satisfied.
If you are satisfied, you are inevitably happy.)
I want to see India to prosper globally but not in this shallow materialistic culture but in real things that matter.
you mustve digested textbooks for sure
Luxury Brand management is going to be a big demand. Studying and doing masters in Luxury Brand Management will be a great deal. There is no recession for luxury Brand market, internationally. Even in India people look for Brand for quality or for flaunting.
It doesn’t look like a good sign for majority of young Indians who are not ultra rich but would be compelled to take credit under peer pressure and then get into the debt trap and only get unhappiness in the long run
Palki please give a coverage on chennai's recent failure in handling Monsoon
She is worried about the Rich and powerful.
True.she must. Chennai administration needs a reality check
Media bias or sensationalism can sometimes overshadow important issues, such as poverty in India, open defecation, malnutrition, and unemployment. It is crucial to address these pressing challenges and raise awareness about them to work towards finding effective solutions.
Palki covers international news
@@strawmanfallacy8666 we really needs to solve the problem of lack of toilets and open defecating and our local media should have a dedicated prime time 🕰️ episode for this purpose. Don’t you agree?
Cricketers Businessmen Film Celebrities and Politicians can buy . Where as common men still rely on Max , Louis Philippe
I wouldn't even buy them because overall it's only branding.
@@tusharkhanger8558Exactly. I follow the concept of #minimalism.
@@tusharkhanger8558exactly overpriced garbage. But I'm happy Indians are also choosing. I want global Indian luxury brands.
I still think luxury items aren't good investment options, because you actually pay way way more than the actual worth of that product.
Remember what has happened in USA regarding credit card expenditure... India should be careful... Or it will in its own trap of non repayment of credit card bills and the backlog will increase day by day.
I hope the sale of these European luxury brands explode in India. Knowing the Indian mentality of always wanting to look richer and more successful than the next Indian, I predict it will. Instead of spending money on important things like food, health and education they will spend their money on buying these useless stuff. And as always, the rich elite that exploit the poor masses to generate their wealth, they will exploit them even more too feed their greed for these items. Better yet, use your credit card to buy stuff your income can't afford to cover. Please carry on, India! Your LV, Hermes awaits you
You've just ripped the bitter truth
You blame the rich but that about the govt? They are responsible for creating jobs, opportunities and controlling the population first. They can't even do that
India has always produced great clothesl, beautiful stich work, pure fine cotton fabric. Also Countries in that neck of the woods. Don't fall for the synthetic oil based flamible clog the beach, won't decompose melt on your skin CHEAP nightmare 'FASHION' 💩🤑
Indian Government should restrict luxury brand products and impose quotas on it. The rise in income should be put to productive use and not these products
No government can't do anything in it atmost they can increse custom duties but rich people will not care about it. Most suitable remidy can be support indian luxary brands so money can circulate in India only.
En Français cela s'appelle du "mauvais goût" ou "nouveau riche". C'est aussi de l'indécence. Monde stupide.
French became nouveau rich after plundering India. What is your point?
@@blobofconsciousness This type of " luxury" is very tacky, and idiotic. That was my point.
India was always a platform for evaluation in fashion
Excess money in the hands of a few cannot go anywhere other than luxury.
I hate these fashion trends and it’s a waste of money.
Who asked you
Right 👍👍
All this is coming from the 1% of population and remaining 99% still struggling 😢
This is the most nonsensical report i have seen in days. No one in India is going after luxury except that one percent rich club. This news channel is trying to exaggerate India's image to a rich and developed nation, in reality it is quite opposite
As an Indian I am very proud of our nation thanking PM Modi ji and our great Hindu Nationalist government BJP! We are sending rocket to moon and our people are driving the Benz and wearing the Prada as nicer than the Britishers have! Even if many of India people starve and have no toilets, even if the slums are festering, even if when we sick we have to go to Ganga for cure only, we can all still being proud for our Bharat! Jai Hind! Jai shree ram!!!
That's true I've seen spoilt brats spending on luxury clothing. That's their parents money. That's not the grounf reality. Most Indians don't deem it sensible to buy those overpriced crap.
Even in the justification of yolo. I'd buy an fair wages Indian companies products over international ones any day.
She is providing facts based on numbers. There is nothing offensive or exaggerated in this video.
How would u know what a billion people are buying??
Reality changes with time.. and sorry if you are living under the rock but this is 2023 not 1990s
7 years ago, here in Toronto a girl originally from GHANA asked me, "Really, Mumbai has ZARA" Yes this is true. nice seeing this picture chnage i am happy, . All bhikaaris are now going to india with katoras.
😂 congratulations ❤
Zara is now everywhere in india all major cities
Pondicherry, statue of liberty, France loop
I feel that a simple life is more achievable and less stressful for everyone.
Sarojini market is India's ultra luxury purchase capital for genz don't worry 😅
Credit card has to be used carefully or can lead to debt traps.
I am totally against "luxury brands", a bag is a bag, being Louis Vuiton or a nice much cheaper bsg. Same for shoes, sneakers etc.I amfrom the west , have seen what this hunger for more, fancier does to economy of 90 procent of people, of depletion of the earth, climate change and...mind set. I wish every country to prosper, but not inequality among people. And of course all of this so called luxury stuff is sadly always advertised by the media with the indication "see how prosperous we are". Usr the money tp educate yr people (sorely missing in the west) and use the great talent of yr country: its writers, poets, philosophers, aryidts, architects,etc.
We need to enter a new era worldwide. Not of war, shortage of resources, depression,materialism , compulsive buying, luxury goods.
I agree with you we shouldn't spend money on useless stuff.
There is a rising middle class and an even more rising band if oligarch in India. And the Wealth gap between the wealthy and the ordinary working person. Not a good scenario...there are troubles ahead if this continues.
Comments be like: I'm jealous but I'll masquerade it as moral and financial knowledge superiority. Lol
Simple and normal always best
Very interesting video 👏
There so much of leather in India. Why not companies some of the best designers and manufacture luxury good in India and export
and your owner owns their indian rights
This rush for brand is pure mania...I really don't understand how just wearing or carrying a foreign brand will make you feel rich.
This is only making the brand owner rich just search who is the second most richest individual in the world and why...😂
Buying more stuff is not the answer. 🙂🌎
Hmm and I can't even afford these things 😅
Luxury Products must be detested and shamed because it squanders savings of the youth with marketing making their future income more of expenses rather than assets. People using luxury products should be shamed and looked down upon so as to have a sustainable lifestyle and generational upliftment and wealth. Unlike houses and cars, these handbags and stuff don’t provide any economic benefit but a fractional superiority complex.
People are entitled to do what they want with their hard earned money. They have to deal with consequences. Indians like you love shaming others to impose their views into others. Focus on your own finances and your own expenses.
which brand of toilets are the most popular? There are at least 1 b customers in India.What about soap and detergents and water filters to clean the filthy water?Jai Hind!
THIS WORLD IS BETTER OFF WITHOUT PEOPLE LIKE YOU!!! SARCASM STINKS!!!❤❤❤
Good economy
Not a single comment on income disparity ?
and later chew on these branded products when there are recession and layoffs....
people and even NRIs in comments saying we shouldnt be materialistic after reaching prosparity stage
seriously ? these people go outside for more materialistic thing for high salarys ,better std of living and yet they cant even afford to call their parents to live in usa even after earning 70k,80k,100k dollars per year(ik nothing is wrong going outside India for more opportunities,but what an irony)
and they say India shouldnt become materialistic
india isnt becoming materialistic
they are taking back their own thing what was taken away by Brits
I am one of them😊
🎉🎉 🎉🎉 🎉 jai Bhàrat local vocal Atma nirbhar Bhàrath tq🎉
Indians have money
Gen z is curse 😂we care more about handbags than wheels 😊
Because the rich is getting richer and the poor poorer
I think first post is recycling old content
So it's basically, drinking ghee by taking loan😂😂
why palki is hesitating to say " IN INDIA RICH ARE GETTING RICHER AND POOR ARE GETTING POORER"
In India, the poor are getting richer, too. It's the lower middle class that struggle
What a waste of money... new way of robbing indians. Why notvspemd on local brands and make them proud.
Why did you stop with "Rich gets richer". What happens to the poor?
How do you see young gen following brands rather than value as real growth trend?
As a country, we've grown this far because of our chase towards values and less affinity towards brands.
Please rethink if this is true growth.
I just want to earn money to feed myself and not being materialistic and shallow
Luxury fashion brands are total waste of money
Their manufacturing cost per product would be 2-3k max to max but they sell them for 2-3 lakhs
Better to buy Luxury watches, cars and houses
These yolo people are going to get the shock of their lives once the credit dries up😮
I have many friends who spend half of their salary on these luxury items...nd me on other hand don't have a single luxury item...nd they way they try to explain me this nd that brand i can see their obsession...I would prefer to buys Indian brand Goods to support our country..
P.S :My Income is twice than of my friends...its not that i can't afford it..i just avoid it..India first always..
HERE IN AMERICA, THEY ARE ALL ABOUT THEMSELVES FIRST, JOBS FOR AMERICANS FIRST, SAYS THE ISOLATIONIST POLITICIAN!!! SO YOU ARE RIGHT, LOOK TO SUPPORT YOUR COUNTRY, FIRST!!! BEST WISHES!!!❤
Don't waste your money on brands!
It is better to help the poor!
GOD BLESS YOU FOR THIS WISE ADVICE TO THOSE WHO ARE WEALTHY!!! DO IT LIKE MOTHER TERESA, A BLESSED SOUL, AND MAHATMA GANDHI, ANOTHER BLESSED SOUL!!!❤❤❤
Pl bring out news about how many of them are made here....wat applies to Tesla , can sure apply to overpriced luxe shit
Give me Indian own products over these multi nationals any day
Urban Monkey and Jay walking
Luxury and filth side by side. The rich are disgusting and the poor are hungry.
The rich can't stop rich-ing if poor don't catch-up.
There are still many in India who don't know how to watch RUclips videos, did that stop you from using your phone or comment?
Stop hating on wealth and get inspired.
YOU ARE SO RIGHT!!! I REMEMBER READING A BOOK ON MOTHER TERESA, WHERE SHE HAD TO VISIT A HINDU FAMILY OF APPROX 8 PEOPLE. WHO WERE HUNGRY, AND SHE GAVE THE MOTHER A BOWL WITH RICE!!! SHE NOTICED THE MOTHER, TOOK SOME OF THE RICE AND WENT OUTSIDE WITH IT!!! WHEN SHE RETURNED SHE ASKED HER WHERE DID SHE GO AND SHE REPLIED, " I WENT NEXT DOOR AND GAVE THEM, BECAUSE THEY WERE ALSO HUNGRY "!!! THE NEIGHBOURS WERE MUSLIMS!!! THIS IS TRUE LOVE IN ACTION!!!❤❤❤
Why do u talk in dollars n not in rupees ma'am
Gandhi jee would not have approved
louis vuitton inida’s customer service sucks
YLo ,Nice to hear madam u speaking on behalf of these luxury brands 😁, good marketing 💐
Credit based spendings r always like a sword hanging over, so with yLo depression n stress increases😇 proportionally.
💯The old conservative traditional indian way of living within means is timeless. Ageless.💯
🔥An asset & savings is a must 🔥
😁If that YLO fails, in india there is no second chance of living a gandhi life also 🤪 mental hospitals, psychiatrists will become super rich 💯
👆🏽👆🏽a comical truthful effects of YLo. 😂😁
They want India money
Of course, European economy needs a kick. Why do you think the biggest companies in Europe are luxury brand makers like LVMH, Hermes and Loreal.
yeeee india vishvaguru ban gaya
bvlgari mangalsutra LOL... not bad ah... chalo
buy made in china 💪👏 no1 in the world 🌎
Because we have dinks who want to enjoy
In the end of times, the prophet peace be upon him said a person that lies will be trusted over a person who tells the truth….
India should promote its own native luxury and not the West. That goes for China and elsewhere too. India also needs to clean up the feces at the side of these luxury stores too.
Were you one of the poopers?
Palki are you married??
Why are you interested in her relationship status?
Of course she is
People love showing off.
Buy original brand boycott china product 👍
God Bless All. Jesus Christ loves you all. With everything happening in this world, please spare some time and pray for your respective countries, states and cities.
They loosing identity
INDIA SUPERPOWER aka COW POWER 🐮 🐄 🐄 🐄 🐄 🤣🤣🤣 later they will pull out 🤣🤣
Kalki,
Whh dont you dwell a bit on the pathetic state of India's cities?
We sick of hearing how great progress india is making,when all we😮 can see is our gafbage strewn cities and towns and chaos all around.Every youngsters ambition seems to be migrate out.
Okay Palki, now tell us about the luxury market in China. You’re tooting your horn about India but China is WAY and FAR ahead of India. Let’s talk about that.
It is a Chinese journalist s duty, not hers
@@blobofconsciousness _"It is a Chinese journalist s duty, not hers"_
Chinese journalists do not steep this low into this category and boasts about themselves while bashing others like Indian 'journalists' do. If you hear China buying luxuries, then you'll hear it from western outlets like BBC, CNN, et al.
As an Indian I am very proud of our nation thanking PM Modi ji and our great Hindu Nationalist government BJP! We are sending rocket to moon and our people are driving the Benz and wearing the Prada as nicer than the Britishers have! Even if many of India people starve and have no toilets, even if the slums are festering, even if when we sick we have to go to Ganga for cure only, we can all still being proud for our Bharat! Jai Hind! Jai shree ram!!!
Proud hai ya bezzati kar raha hai desh ka?
@@rishabh798he is Chinese bot. CCP employed thousands of fake account on global internet to spread their words.
I agree on most of the part but .... On toilets mostly false partly true. And on medical mostly false partly true but not ganga. On pm modi being hindu... I get it he is proud hindu but on policy front it's nothing for Hindus... Just nil. So pls don't give him tag of hindu such that he is coustodian of hindu rights .... Bjp just make fuss out of cow and what not.... And it's politics in play
Another butthurt Pakistani?
All gareeb's in the comments show your attendance by clicking like here!
Totally false
Partially true
Palki how does it feel to, when you just say that”Rich are getting richer..” and stop uttering the next truth. Please don’t be disloyal to journalism. Media hiding the truth would leave a bad page of cowardice in the history of journalism
But, but.... That's EXACTLY what is happening in India nowadays!!
It need not always be a proportional reaction. Rich can get richer with middle class getting richer/ stagnating, the pooor getting richer/ stagnating...the combinations are aplenty. There's no standard reality to categorise.
a very bad attitude
Remember growth wont last forever.
Spending money foolishly is suicode
louis vuitton inida’s customer service sucks