<ul data-eligibleForWebStory="false">India's influencer economy booms through collaborations with brands across various sectors.Influencers have evolved from mere promoters to product designers, community builders, and entrepreneurs.Influencers monetize through various means like flat fees, affiliate commissions, or performance-based deals.Nano and micro-influencers are outperforming celebrities in terms of return on ad spend.Influencers are now involved in data-driven marketing, product development, and social impact initiatives.