Are malls overpriced?
Prashant tries to identify why retail prices in India’s malls are much higher than in the US, for the same product. I have noticed the same phenomenon. As some of the commenters point out, it might just be buyer willingness to pay.
For instance, during my last visit to Chennai, I bought a pair of Reebok sneakers having left my original pair back home in the US. This darn pair cost me Rs $125 (Rs 5,000) at the Reebok store in India, whereas the exact same pair cost me just $80 in the US.
One comment
brown
January 4th, 2008, 11:12 am | #
I believe it is because of the higher import duties and other tarrifs levied in India, for e.g. a BMW 3 series base model is close to $60K real terms which is substantially higher than the American price due to a 100%+ duty.
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