Are the high spending days of the high flying class over?One does not get accurate ideas of what is going on. We really do not know what is going on. But the reports seem to suggest that the younger generation who would be high on booze on every weekend ("Freek out" is the word they would use) , is now going slow. Their high spending days are over. Or is it?
What do Members see on the ground? I have not been to the big shopping malls in Chennai recently. I would once see the vanity spending in full flow in one shopping mall at Velacheri, a superb suburb of Chennai. But whatever I hear from the reports, the spending habits are down. The shopping malls have no big crowds at all. Perhaps the high spending class are spending less now, due to the uncertain times.
What opinion doe Members have? What is their opinion?