The domestic apparel industry in India grew at a CAGR of 9.2 per cent from Rs.1,359 bn in FY08 to Rs.2,115 bn in FY13. The growth can be attributed to the upsurge in the economy coupled with the rising per capita disposable income. Factors like the changing fashion trends, growing consumer class and rising urbanization together have led to the growth in the apparel industry. Increasing retail penetration, growing service class and the increasing share of the designer wear have also been the drivers for growth. Broadly, the domestic apparel industry constitutes five segments – men's wear, women's wear, kid's wear, unisex and uniforms. Men's wear is the largest segment whereas uniforms are the fastest growing segment. In recent years, the women's wear category has witnessed a healthy growth in organized segment, especially in the lingerie and western wear sub-segments. Apparel manufacturing being the least capital intensive section of the textile value chain is characterized by low entry barriers, hence is highly fragmented. It is also highly labor-intensive and requires skilled, unskilled and semi-skilled labourers.
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