Burnz
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- Apr 4, 2011
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its difficult for them to accept the reality, they keep boasting its PPP is at 4trillion, and will talking their ar$e 0ff to defend that PPP is more accutrate than nominal GDP```but the reality tells them a very different senario.
Luxury markets are always be the benchmark to reflect the real wealth a region or country has (1900s europ, 40-60s america, and 70s-80s Japan, and now China)
..U.S, Europ, China and Japan are the top 4 luxury markets, where China ranked 2nd and is going to over take U.S in few years time```
and as due to the nature of my business I consitantly travelling to cities like Milano, Roma, Paris, New York, Tokyo, Seoul, Beijing, Shanghai and Hongkong and living in London, honestly speaking it is more difficult to see indian customers in luxury stores than seeing a woman accidently walking into a men's room (happened once in Amsterdam, and she was hooooot``)
and some denial indians may argue like 'we indians dont like to waste money on Luxury'``(lol try to conveince those indian multi-millionars about that`) and also nonsenses like 100 million mid-income class in India, whereas mid class cotributes the most to the luxury market in europ, north america , china and Japan. i really have no idea how they draw the mid-class line in India.
'S'pore, India top list of big spenders' - Indian Express