Apparel Industry

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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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Updates

    • Quarterly Update June-14

      Signs of visible recovery in western markets like US and UK help Indian apparel manufacturers to post healthy volume growth....

    • Quarterly Update March-14

      India's share of apparel exports to US witness a marginal increase....

    • Quarterly Update December-13

      Signs of visible recovery in western markets like US and UK help Indian apparel manufacturers to post healthy sales growth....

    • Quarterly Update September -13

      Healthy rise in demand coupled with depreciation in the value of rupee provides fillip to the exporters....

    • Quarterly Update June -13

      Short term demand to remain subdued however long term attractiveness remains robust....

    • Quarterly Update March -13

      Announcements made in the Union Budget 2013-14 to bring some respite to the apparel industry....

Impact Analysis

  • Demand to witness a revival in FY14...

    The domestic apparel industry in India grew at a CAGR of 10 per cent from Rs.1,260 bn in FY07 to Rs.2,026 bn in FY12......

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