India is home to 83,000 millionaires and growing... That’s not in Rupee but in Dollar terms. What’s more, the number of people with over US $1 million in net assets grew last year at a roaring 19.3%, the world’s second fastest growth. At that rate, another 16,000 millionaires will be added to the list next year. These were the findings of the Merrill Lynch-Capgemini 10th World Wealth eport (2006).

Spearheaded by annual growth of 8%, India is expected to become the fourth largest economy by 2025 and the third largest by 2050, behind only the US and China, according to recent Goldman Sachs projections. Nowhere is this burgeoning power and prosperity more discernible than in the raging demand for luxury goods.