Gravitas Plus: All things luxury: Why are Indians spending so much?

There is an increased appetite for all things luxury in India.
Indians are splurging on luxury homes, cars, hotels, and vacations. What is driving this trend?
Join @PriyankaSh25 on #GravitasPlus for more

#indians #luxury #india

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[arunnaik]

Only thing i learned form this video is I am poor😢

[z]

I would call it a mindless middle class spending. Instead of normal savings, Indians are moving towards forced spending, which have been covered here as revenge spending.

[parthshah]

We shouldn't forget that only savings will help in the difficult times. Because of this unmindful expenses, people are not saving and falling trap to instant loans scams.

[srini]

It is sad that people are forgetting between the need and want.

[anonanon]

I think this is true only for a very small percentage of population. For most of others, life is still a struggle. Bring in inflation liked minimum wage and we will see what burns.

[venkatganapathy]

The entire feature seems to be well researched but what is shameful is that they have only videos of foreigners when they show the rising life style. Almost like they don't have video clippings of Indian videos and hotels...

[chrissanjiv]

It is good that people are moving up, but its also important to not leave people behind . I am happy this is happening but also please watch out to make sure that the money flow is not unevenly distributed.

[vacationeyes]

The worst form of spending is the wedding and dowry. All other spendings pale in comparison.

[olivermartinez]

Why Indians are spending too much?
Ans: To prove that we are not less than our friends, neighbours and relatives.😂😂😂

[rag]

Glad to see Indians are moving up the ladder and also spending, more power to our people and our economy

[digiartly]

Nah, I actually started spending less post pandemic. I liked that I could save more money to spend on needs than desire. Work from home gave me the opportunity to spend time with my family.

[drarunaj]

Amount of money you earn is quantified by the value of your work, amount of skill in any field and financial literacy.
Instead of upskilling.Most people blame the capitalists and choose to remain losers.

[himanshusirohi]

Wow, that was an indication of rising India.

[asifzbaig]

These trends also shows a dangerous side of Indian economy, the wage gap disparity! This shows how 1-2% Indians are on spending spree because of the disposable income at hand while more than 50% is struggling to make there dajly needs. .Indians should use more local resources then international brand and foreign travels. Atleast this will help a small business to grow rather then large corporates or foreign brands

[devanshsanghavi]

If our GDP per capita rose to at least $5 000 then what will happen that's why companies are Coming here to get the share of Pie.

[ChiSa]

5:21 You'd think at least WION would use the correct map of India or at least edit the animation! 🙄🤦‍♂️🤦‍♀️

[arghagayen]

The number of people who can afford luxury products is still a handful

[asthanegi]

Remember, much of the economy is run by credit and not money. The amount of credit in circulation is very high in our economy as getting credit is easy these days. Credit simply means you are borrowing from your future self. More people are living off credit these days means less savings. Hence until we keep earning well in future and our income streams in future are consistent, this entire development is postive. If this trend continues, our economy would become more vulnerable to economic crises'.

[anujmonty]

Only 1% are enjoying, rest are struggling

[rbalasubramanian]

Paying unrealistic prices may not necessarily indicate wealth. Watch out how availabilty of easy money from banks make people splurge but lead to NPA down the years. Also very high growth rate as in aviation, will lead to folding up of business when demand flattens.