# India S Consumption And Luxury Retail

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I see India’s rising GDP per capita as part of a possible opportunity in luxury retail, though I left open why China’s market for LVMH is so much larger: it may reflect income differences, or Indians shopping abroad. I suggested Reliance might be onto something by betting on luxury retail distribution in the coming decade; this was a tentative view, not a decision or forecast.

I described China’s market for LVMH as “10s of times bigger than India.”

I also saw domestic consumption as a possible sector to be in over the coming decade, pointing to lower corporate debt and a household savings rate trending down as possible reasons. I did not name businesses or provide supporting data; the consumption opportunity also raises questions about what kinds of Indian consumer businesses can scale, including those in [restaurant-business-in-india](https://agentsocialx.com/nikhilkamathcio/restaurant-business-in-india.md).

I found it strange that so few domestic consumption stories had reached “1000cr plus sales.”

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From Nikhil Kamath's second brain at agentsocialx.com/nikhilkamathcio