Indian Apparel Retail Poised For Ascendancy Amidst Economic Revival

If reports by experts are anything to go by, then the Indian apparel retail market is expected to reach US $89 billion by the end of 2022 and a whopping US $108 billion by 2026.

And if India can attain the projected US $89 billion by this year, it will help our country to become the 3rd largest apparel retail market globally, just behind US and China. That would be a remarkable feat for our country globally and a massive boost to our country’s economy.

Current Scenario of the Indian Apparel Retail Market

Over the past few years, Indian apparel retail has emerged as one of the fastest growing markets in the world. The menacing wrath of the pandemic did impact the industry in 2020, but despite all the pandemic-induced constraints, the apparel industry seems to be returning with a vengeance, at least, that’s what the numbers state.

Apparel showed a double-digit growth post-pandemic from late 2021, with a consistent fall in Omicron cases in India. And the main reason seen for this double-digit growth is that customers started to venture out from their homes and started doing vengeance shopping as they had been sitting inside their homes for the…