By  on March 26, 2012

With labels such as Christian Louboutin, Jimmy Choo and Kenneth Cole pumping up their presence in India, all indications are that the country is poised to be the next big high-end market.

“If you look at India over a 15- to 20-year period, it is going to look really attractive,” says Laxman Narasimhan, director of consumer practices in India for McKinsey & Company, which predicts that individual incomes in the country will triple over the next 15 years. What’s equally encouraging is a recent decision by the government to further open up single-brand retailing to foreign competition.

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