Everybody across the textile and apparel industry strongly believes in the growth of Indian retail and the August issue of Apparel Online India magazine is also focused on the same. The current size of this industry is US $ 88 billion (apparel specifically) and it is expected to grow at a compound annual growth rate (CAGR) of 11-12 per cent.
Right from established retail giants, overseas brands, Indian brands to emerging D2C brands, start-ups, nearly all the segments are on growth path and there are many reasons for the same. These reasons including India’s large population, increasing disposable income, Government’s supportive policies, companies’ strong marketing, easy availability and growing influence of social media, influencers, increasing aspiration of consumers etc., which are all covered extensively in this issue.
To increase their share in the retail market, retailers and brands are constantly improving their consumer’s store experience and have a thrust on the latest technology for the same. The synergy of mergers, collaborations and franchising are also resulting in better opportunities for the stakeholders.
With ample growth opportunities and good funding backup, more diverse professional expertise is required at the top level for which the Indian retail industry has been hiring consistently with the aim to make the leadership teams strong.
The growth is there in almost every product category but the way the Indian ethnicwear market has become organised is really impressive.
In this issue, we have also covered experts’ suggestions for micro and small factories to improve manufacturing processes, besides discussing the vast scope of the kidswear market in India.
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