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Luxury retailers target India's new rich spenders

7 December 2013 Last updated at 17:28 GMT

The global economic slump hit many developed countries hard, so emerging markets like India are now a key target for luxury retailers.

From Mumbai to Bangalore, a growing number of Indian consumers are willing to spend big.

Shilpa Kannan spoke to consumers and retailers in Delhi - India's biggest luxury market.

Watch India Business Report

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