Indian Fashion Industry










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Indian Fashion IndustryINDIAN FASHION INDUSTRY AT A GLANCE IN 2019 - 2020 Indian Fashion Industry



Indian fashion retail market values about $50 billion in 2019 and is set to grow to $115 billion by year 2027. Parfait, Under Armor, Uniqlo are some of the big overseas brands that forayed into the vibrant Indian fashion retail market in 2019. Expansion of overseas companies in manufacturing fashion made the period 2019-2020 a good time.

McKinsey’s latest report suggests that India’s fashion apparel market would be worth $ 59.3 billion by 2022, making it the sixth largest in the world.


2019-2020 Indian Fashion Industry

Advantage in India

  • There is greater appreciation for high-end luxury products.
  • Global trends awareness
  • Rising aspirations
  • Better purchasing power across the middle class and upper middle class
  • In 2019, Indians spent INR5408 billion on clothing, while in 2010, it was only INR1924 billion, thus clearly indicating a tremendous growth. Revenue in the Fashion segment amounts to US$11,404m in 2020. Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 14.1%, resulting in a market volume of US$19,324m by 2024.

    The market's largest segment is Apparel with a market volume of US$7,644m in 2020.

    In the Fashion segment, 11% of total market revenue will be generated through online sales by 2024.

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2018 - 2019

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2017 - 2018

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2016 - 2017

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2015 - 2016

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2014 - 2015

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2013 - 2014

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2012 - 2013

    Indian Fashion Industry  INDIAN FASHION INDUSTRY AT A GLANCE IN 2011 - 2012

    Indian Industry  back to fashion INDUSTRies