- The Indian apparel
Industry is preparing for a growth spurt. According to estimates by Cygnus
Economic and Business Research, the industry will grow 4 to 5 percent a
year in volume and 13 percent a year in value.
-
Men’s apparel market is 46 percent
of the total apparel market in India. Preference for readymade garments is
increasing and this has become inevitable with the rise in urbanization.
-
Women’s apparel market is 17 percent
of the total apparel market in India. The preference for the branded
Western and Indo-western apparels among the working women is on the rise,
which is a welcome relief for the manufacturer and retailers of branded
apparel.
-
The dressing habits are
getting refined if not changed specifically among the working women. Kids’
apparel market is 37 percent of the total apparel market.
- Retail industry in
India is estimated at US$ 200 billion and is projected to grow at 5% p.a.
- Mumbai is one of the
many cities benefiting from India's retail transformation. With more than
one billion people, the third largest economy in Asia is on track to
overtake China as the most populas in the world by 2050.
- In 2005 , India is the
most compelling opportunity for retailers, according to A.T. Kearney's
Global Retail Development Index(GRDI).
- Trade policies other
than textile-related quotas have had a major impact on the geographical
patterns of trade in textiles and clothing.
- The
market for high-end clothing in India is estimated at Rs1,000 crore, and
for accessories, including cosmetics, costume jewellery and footwear, at
another Rs1,000 crore.
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