Stable Development Of India Garment Market

In recent years, the clothing market in India has been active and stable and expanding.

Mr Vivek Kumar, executive director of image retail think-tank service (IRIS), said in an interview with Fibre2fashion: "as of 2007, the clothing market in India was about 12240 billion rupees, of which men's clothing accounted for 40.1%, women's clothing and children's clothing accounted for 34.8% and 24.9% respectively.

The media asked whether foreign high quality brands were hesitant to enter the India market.

Mr Kumar affirmed: "some brands are indeed in friction, and there are some bottlenecks in the market, such as foreign direct investment (FDI), low level of modern trade and relatively small high-end market. Women and ethnic groups are still the protagonists of the market."

However, recent studies show that India's clothing market is growing at a rate of 15% per year and may reach 200000 billion rupees in 2012-13 years.

At present, the clothing market is 120000 billion rupees, and national costume will continue to be one of the leading characters.

On the other hand, Western clothing is 24 billion rupees, which is about 12% of the total women's clothing market, with an annual growth rate of 16-20%.

In fact, the national costume declines at the rate of 1-2% per year, but because the overall market is growing, it has made up the percentage of reduction in general.

However, by 2025, the middle class population is expected to reach 45% of the total population, which will make a significant contribution to the development of western style clothing, especially the overall apparel retail market.