Kotak Private Launches India's First Luxury Index

Kotak Private Banking has created a special tool called the Kotak Private Luxury Index (KPLI).

This tool helps track how much prices change for fancy things that very rich people in India buy.

These things include nice houses, fancy bags, watches, trips, and even school tuition.

The index shows that over the last three years, prices for these luxury items have gone up by 22%.

Some things, like health retreats and special experiences, have become more popular and expensive.

Other things, like watches and wine, have become cheaper.

This index helps people understand what rich people in India value and how they spend their money.

It shows that luxury is now more about having good experiences and taking care of health rather than just owning expensive things.