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Travel is becoming the biggest spending category for affluent Indians.
Travel's share of affluent Indian spending rises from 28% at emerging levels to 58% for ultra-elite.
KEY POINTS
- Ultra-elite Indians have 63% of their spending as cross-border, reflecting a strong global orientation.
- Monthly card transaction frequency jumps from low single digits to near-daily among ultra-elite consumers.
- Affluence is spreading beyond metro cities to emerging centres like Ahmedabad, Surat, Jaipur, and Lucknow.
- Spending on high-value goods like jewellery, art, and custom clothing is prioritized over general retail.
COMPANIES
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