CNBC’s Jim Cramer made mention recently that the economies in the BRIC nations of Brasil, Russia, India, and China, was on a down turn. “Crumbling” being the other term being toss around. I do not think anyone mentioned this to a core of companies that are opening doors and magazines in the country of India, which has seen some crazy GDP growth in the last two decades. Luxury goods and fashion may be finally catching on and gaining steam Earlier this month, GQ India was launched in the country and today, DNR is reporting that both Armani and Diesel are planning outposts with Armani heading to the Emporio Mall of New Dehli. D&G is also reportedly opening doors in the same mall.
More on the India story from DNR.