article banner
Demonetisation

Demonetisation of rupee to hit luxury retailers

rich text with image

“There will be an impact on luxury retail in the short term, essentially because most of luxury sales in India constitute a large amount of cash, and consumers will put a hold on large spends.”

Dhanraj Bhagat
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 10th November, 2016.