Garment Shop Business In India is Growth oriented

Garment store business in India, is one of the hot pick business by a startup or estabilished business house,looking for expansion or diversification. Indian economy, is in a fast lane of growth with India being the epicenter for global player as its investements. Further more a massive paradigm shift has been witnessed in the consumer preferance, mainly due to increase in the disposable earning. The internet awareness and the online business growth has also provided a tail wind to garment shop business. The shopm can be online or brick and mortar store. The option in the clothing business is collosal supported by the market size of the clothing business market in India.

The statistics of growth in the indian garment and apparel business is also impressive. Compound Annual Growth Rate (CAGR) trhought year 2016 to 2026 is expected to be 10%.The revenue recorded in the year 2016 was Rs 41,66,500 crore (US $641 billion). The anticipated market size of this is expected to hit Rs 1,02,50,500 crore (US $1,576 billion) by 2026.

It is envisaged that the current fashion retail market worth Rs 2,97,091 crore (US $46 billion) will grow at a promising CAGR of 9.7 per cent to reach Rs 7,48,398 crore (US $115 billion) by 2026.