How India's Ultra-Rich Spend Their Money
A recent report by Kotak Wealth Management puts light on spending patterns of India's ultra high-net-worth individual (ultra HNI) in the financial year 2013-14. The Top of Pyramid report defines Ultra HNI's as people who have household wealth of over Rs 250 million or Rs 25 crore.
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How India's Ultra-Rich Spend Their MoneyA recent report by Kotak Wealth Management puts light on spending patterns of India's ultra high-net-worth individual (ultra HNI) in the financial year 2013-14. The 'Top of Pyramid' report defines Ultra HNI's as people who have household wealth of over Rs 250 million or Rs 25 crore. -
How India's Ultra-Rich Spend Their MoneyApparel and accessories made up for 15 per cent of their total spending last year. A new trend in this area is designer clothing for children with launch of lines like Baby Gucci and Young Versace, says the report.
