8-9-10
DECEMBER 2022
PRAGATI MAIDAN,
NEW DELHI, INDIA

Why India

INDIA'S MARKET OPPORTUNITIES IN TEXTILES & FASHION
  • India is the second largest manufacturer of textiles in the world which is estimated to be US$ 122 billion.
  • India is one of the most attractive consumer markets for apparel outside the West with Fashion Retail worth ~US$ 54 billion and expected to reach US$ 118 billion by 2028.
  • India accounts for almost 7% of global home textiles trade and also is one of the top suppliers for the world's biggest home textile consuming market, USA.
  • The Indian domestic fashion & apparel brands market is expected to reach US$ 220 bn by 2025 & is witnessing an increase in demand for high-fashion and high value apparels amongst others.
  • India has the largest Gen-Y population in the world with higher disposable income for discretionary spending on fashion & lifestyle items.
THE FUTURE OF FASHION APPAREL INDUSTRY IN INDIA
  • The e-commerce market in India is expected to hit US$ 200 billion by 2026, according to investment bank Morgan Stanley and the fashion segment would be one of the biggest contributors.
  • The US$ 54 billion Indian fashion retail is estimated to reach US$ 118 billion by 2028.
  • By 2023, the middle class consumers which will form 43% of total targetable customer base will contribute about 55-60% share of total apparel market size.
  • The Indian middle class population is expected to grow at 19.4% per year, a swifter rate than in China, Brazil, and Mexico.
  • India is set to move from being an increasingly important sourcing hub to being one of the most attractive consumer markets outside the Western world.