High pay packets, higher spending power and a growing desire to embrace luxury is pushing the growth of highend brands and e-commerce in the country .
Says Rajesh Loomba, managing director, ECO Rent A Car "The increase in the salaries across sector in India, the purchasing power has witnessed a considerable jump. Today without doubt there is enough disposable income with the working and the business class to indulge in luxury goods. Over the last few years there has been a great inflow of luxury brands in the country. This in itself is an indicator the way the market for luxury goods is developing in this country. Keeping this in mind we recently inducted top-line BMW cars in our fleet and soon we would be announcing induction of more luxury cars in our fleet of over 1000 cars. Our decision too indicates that we are betting on the growth of the luxury market in India."