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MODEL CONTRACTS FOR SMALL FIRMS LEGAL GUIDANCE FOR DOING INTERNATIONAL BUSINESS

India has more consumers for luxury goods than the adult population of several countries. A recent study 2 , on the luxury goods sector shows that, there could well be more than 1 million consumers. The projections are that it will treble by 2010. India is leading the demographics in terms of the growth of HNWIs, as shown in Table 3 below. With an impressive 22.7% growth on a base figure of 123 million (in 2007), as shown in Table 4 below, it is clear that India will continue to remain a destination of choice for sale of luxury goods. .