Garment Manufacturing in India
The fashion industry, a multibillion dollar affair ranges from haute couture to garments for the masses. The vastness of apparel market can be witnessed by the growth of apparel sales worldwide. The global apparel consumption stood at US$ 1.8 trillion for the year 2017 and is expected to grow at 5% CAGR to reach US$ 2.6 trillion by 2025. As apparel is a leading example of Global Value Chains (GVC), the global apparel trade is also growing. The trade has grown at 4% CAGR since 2005 and stood at US$ 444 billion in 2017. Further, it is expected to reach US$ 600 billion by 2025, growing at the same pace. India apparel market size
The growth in global apparel consumption and trade indicates an attractive opportunity for investments in the sector. In this post, explore how India, a country with large manufacturing capacities and competitive manufacturing capabilities can be the next leader in this sector.









