Word: peakalpha
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Dates: during 2000-2009
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...changing from the traditional [emphasis on] savings to a spending approach," says Thakran of LVMH. "The expense basket is shifting from necessity to lifestyle products." Younger Indians from wealthier families increasingly match?and even eclipse?the purchasing power of their European and American counterparts, says Priya Sunder, director of PeakAlpha, a Bangalore-based financial-planning company that advises IT professionals on their investments. "Most of their disposable income goes towards buying luxury products, be it a Chanel lipstick, Fendi belt or Herm?s scarf...
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