What makes the Indian market for luxury so promising? A slowdown in the luxury goods market in the West has made the BRIC (Brazil, Russia, India and China) an attractive destination for brands looking to expand their footprint. BRIC countries account for 18 22 per cent of the world luxury market today, and is expected to touch 36 per cent by 2015. Actually gain market share in a recession, quips Tikka Shatrujit Singh who represents French fashion house Louis Vuitton Malletier, commonly referred to as Louis Vuitton, in India.
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