Should you invest in the luxury brands that you use?
(Published in Moneycontrol)
This will broaden your investment horizon beyond the few India-based companies and allow you to be more selective with your investments
A typical high-income or high-net worth household in India spends upwards of 40 per cent of its total annual expenditure on products and services that are priced on a dollar basis. It might be denominated in rupee terms, but the price fluctuates with the exchange rate, hence the dollar-based pricing.