This is a India news story, published by The Economic Times, that relates primarily to Hurun India Rich List news.
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different consumption trendsThe Economic Times
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88% Informative
The frenzy for Coldplay tickets shows India 's strengthening consumption story.
Premiumisation of consumption continues from pandemic times when locked-in affluent people splurged on large TVs and washing machines.
Companies in several sectors have been trying to lure the rich customers who have grown in number and are willing to splurge.
A booming economy and bullish stock markets have led to India 's rich growing richer as well as in number.
India minted a new billionaire every five days in the last one year and took the total count of US dollar billionaires to cross the triple-century mark for the first time.
The 2024 Hurun India Rich List shows that India now has 334 billionaires.
VR Score
94
Informative language
97
Neutral language
54
Article tone
formal
Language
English
Language complexity
53
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not offensive
Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
2
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