Friday, May 23, 2008

Myriad brands

And the feeling is judiciously reciprocated by myriad brands aiming to nestle down forever in the hearts of consumers. Remember Cadbury’s – A gift for someone you love; ‘There are some things money can’t buy, for everything else there’s MasterCard’; Hutch’s ‘wherever you go our network follows’; or more recently, Citibank’s new enabling campaign that harps on the ‘Let’s Get it Done’ tagline? Once, there were just a handful of brands in India, but the tide is swinging the other way now, with the brand wave threatening to engulf and envelope everything and everyone that comes in the way. From Italian fashion to Japanese technological passion; from German engineering to American flamboyance, the brands are all there and more than a few of them are showing double-digit growth charts, in blaring testimony of their increasing acceptance within the masses and classes in the country. Even figuratively speaking, brands in India are on a roll, especially keeping in mind the startling rise and rise of the retail evolution in the country. India has topped the 2006 AT Kearney Global Retail Development Index, which indicates a sharp rise in spending across consumer durables, wireless communication, apparel, entertainment, vacations and lifestyle products.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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