Internet is being used by Billions of people daily so just 400-500 million people using it for a day won't make any big difference on the environment.
but when it comes to making the tech, you raised a great point. That would still be a big issue
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Everyone
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Ethos a B2B "luxury" watch company does 1000 crore in revenue, their revenue comes from jus 500 ultra rich families.
Their stock has gone 2.2x from their listing date :)
The luxury market does exist in India.