Discuss the below:
Talks about serving middle-class consumers in emerging economies.
The Wall Street Journal published an article titled "India embraces luxury as China turns cool" which can be accessed via
https://www.wsj.com/articles/india-embraces-luxury-as-china-turns-cool-1440720657.(If you can't open the full article, here is the trick: copy the article title and paste it into the Google address bar and search, then click on the search result to access the Wall Street Journal.)
Task: The article discusses how luxury brands try to attract Indian wealthy households. Although middle-class consumers can not afford such luxurious items, their purchasing power is hard to ignore.
What do you think Indian middle-class consumers are looking for? Provide a couple of examples. Use the model to identify the strategies to cater to Indian middle-class consumers.