If reports are to be believed then India’s apparel market is expected to note threefold rise from US $ 59 billion in 2015 to US $ 180 billion by 2025 while China is expected to lead the market at US $ 615 billion by 2025, growing at a CAGR of 10 per cent as compared to US $ 237 billion in 2015.
Indian apparel market will emerge as the fastest growing, expanding at a compounded annual growth rate (CAGR) of 11.8 per cent and the consumption will also go up. This has been stated in a global textile report by Axis Direct.
Apparel market in China is expected to expand at a CAGR of 10 per cent as compared to US $ 237 billion in 2015. The report has also predicted that India and China may cross Europe and US in terms of consumption by 2025.
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India and China jointly expected to use apparel worth US $ 795 billion growing by a CAGR of 10 per cent. While the US and Europe by 2025 will have a market size of US $ 775 billion with a growth rate of 1.5 per cent.
