11 December 2023, Mumbai
WHY India
Booming Growth:
- Young Power: The Economic Times forecasts that by 2028, youth will be 55% of consumers, a lucrative segment.
- Market Explosion: The clothing market is expected to reach $180 billion by 2030, growing 7% annually.
- Emerging Hub: India is not just a sourcing destination; it's a fashion enthusiast's paradise.
India's fashion arena is on fire
- India's fashion scene is ablaze with passion and talent.
- The flames of fashion are burning brightly in India.
- A fashion inferno is raging in the heart of India.
Challenges and Opportunities:
- Standing Out: Fierce competition from local and global players demands a unique brand identity.
- Customer Focus: Quality, improved experience, and embedded innovation are key to winning the market.
- Resilient Supply Chains: Building agile supply chains to handle disruptions like lockdowns.
- Bridging the Skills Gap: Investing in talent development to address the workforce skills gap.
5 key insights for WHY India:
Category Insights Booming Growth Young Power: The Economic Times forecasts Booming Growth Market Explosion: $180 billion by 2030 Booming Growth Emerging Hub: Fashion enthusiast's paradise Challenges and Opportunities Standing Out Challenges and Opportunities Customer Focus Challenges and Opportunities Resilient Supply Chains Challenges and Opportunities Bridging the Skills Gap
