How US-Iran tensions are lifting India's luxury retail market

How US-Iran tensions are lifting India's luxury retail market

As international travel declines due to the ongoing West Asia war, India's luxury retail market is witnessing a surge in domestic spending.

Brands have reported strong sales in March, with affluent Indians continuing to shop despite rising costs.

The April-June quarter, usually a lean period for big-ticket purchases due to fewer weddings and events, could surprise on the upside after this strong March performance.