India: Brand Clothing Is Hard To Cut Prices

Because

It is reported that after the introduction of the brand clothing consumption tax, India's government revenue forecast increased by 20 billion rupees.

At present, the India government has adopted a consumption tax standard of 10%, a 55% decrease from the beginning.

Most brand clothing has passed the consumption tax pressure on consumers by raising the retail price of clothing. The price increases range from 15% to 20%, which leads to a decline in consumer demand.

As of 2010, organized in India.

Excise taxes are particularly stressors for small and medium-sized enterprises.

There are only 25 large textile and garment enterprises in India, and the rest are scattered small businesses.

In this regard, the India Garment Manufacturers Association expressed the hope that the government could reduce the consumption tax levy to protect India garment manufacturers from Bangladesh's imports of clothing.

At present, the textile and garment industry is the second largest employee industry after India's agriculture.

On the one hand, the India government has launched a textile and garment skills training program and a technical pformation fund plan to promote employment and urban modernization. On the other hand, Bangladesh clothing has been allowed to export to India in a duty-free fashion, which has a strong impact on the India textile and garment market.

In 2012, the association predicted that brand clothing prices would continue to stay high, because most of the cost and cost did not show any signs of loosening.

Labor costs are rising, raw material prices are rising, and production costs will continue to rise.