Domestic apparel market showing strong growth
With an estimated market size of $8.1 billion now, the men’s apparel sector in India is projected to grow to $13.5-14 billion by 2009.
By TNN |
COIMBATORE: With an estimated market size of $8.1 billion now, the men’s apparel sector in India is projected to grow to $13.5-14 billion by 2009.
The overall Indian domestic apparel market is growing due to a young population and rising household incomes, according to a CII-Ernst & Young Textile and Apparel Report-2007 India in the Global Textile Ecosystem.
The Indian domestic and export markets for textile and apparel are expected to grow at 6.5% and 12% compounded annual growth rate, respectively.
The overall Indian domestic apparel market is growing due to a young population and rising household incomes, according to a CII-Ernst & Young Textile and Apparel Report-2007 India in the Global Textile Ecosystem.
The Indian domestic and export markets for textile and apparel are expected to grow at 6.5% and 12% compounded annual growth rate, respectively.
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