
Brand conscious urban teenagers belonging to the upper middle-class segment are spending on an average Rs 4,000-5,000 a month to update their wardrobes, says an Assocham survey.
About 40% of the youngsters belonging to the affluent class of the society covered by the survey said they were spending up to Rs 4,000 a month on buying branded clothes, while 35% claimed an average expenditure of Rs 5,000 on them.
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The survey is based on the responses of 2,000 youngsters from cities like Mumbai, Delhi, Bangalore and Chennai, the chamber said.
Assocham said that about one-fourth of the respondents said that they were spending about Rs 2,500 a month to buy new clothes so that they could stay ahead among peers.
Majority of the youngsters responded said that they pay more attention to brands than the price, the survey said.