India's Clothing Industry Sales Will Reach 100 Billion US Dollars In 2020.

　　 India Textiles and tailoring (domestic and export) will grow 3 times in the next 10 years, and will grow from the current US $70 billion to US $220 billion in 2020. The result of the prediction by TechnopakAdvisors, a management consultant, has also calculated its domestic ready-made garments. retail market In 2009, the amount was about $33 billion and could reach $100 billion in 2020.

The growth of the domestic market mainly comes from population growth, income increase and rapid urbanization. In addition, the improvement of population structure, the increase of the ratio of organized companies and the increase of the ratio of retailers to smaller cities contribute to the growth of demand.

Research shows that male clothing accounts for a larger proportion of garment market (43%), while women's clothing grows at a faster rate. It is expected that the proportion of women's clothing market will increase from 37% to 43% in 2020. The global textile and garment trade began to recover after the recession, and it is expected to reach US $1 in 2020 from the current US $510 billion. The impetus for growth comes from the procurement of low cost Asian countries by Western and developed countries. This change in procurement will help India upgrade its global market share from 4.5% to 8% in 2020 (about 80 billion US dollars).

It also means that by 2020, the textile supply chain needs to invest 68 billion US dollars to undertake the big market. It is estimated that the garment industry will need about $14 billion by 2020.