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India’s retail sector to grow 14 per cent by 2021

As noted by the recent report of Care Ratings, India’s retail sector is poised to grow around 12-14 per cent over the next three years to reach $1,150 billion by 2021.will be driven by factors such as higher demand from consumers with higher incomes, job creations, improved standard of living, brand awareness, higher discretionary spends and higher participation of producers/retailers in the organised retail market, discounted and promotional pricing, increased number of products and more private labels with retailers among others.

According to the credit ratings agency, the country’s gross domestic product (GDP) is expected to go up to 7.3 per cent by FY21. Private final consumption expenditure is expected to grow by 10-11 per cent year-on-year until 2021, which has grown at about 10-12 per cent historically.

The retail sector contributes around 10 per cent of the GDP, around eight per cent of employment and is valued at $792 billion as of 2018.

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Jockey India aims for steady growth with new launches

Jockey India aims for steady growth with new launches

In order to make retail partners and clients aware of its range of outwear, menswear brand Jockey India, participated in the recent National Garment Fair for the first time. “Platforms... Read more

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The 69th National Garment Fair held from July 16 to 19, 2019 at the Bombay Exhibition Center, Mumbai hosted over 1,000 exhibitors representing around 1,100 brands. “This is a huge... Read more

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Its slowdown for some of the biggest fashion retailers in India as retail giants like Pantaloons, Brand Factory, Shoppers Stop, Central and V-Mart reported less than 7 per cent same... Read more

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Kidswear is evolving into an independent segment with brands adopting cool and vibrant designs in their collections. “Brands are following the right trends and carefully choosing their color combinations,” says... Read more

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Parx launches sports-inspired collection for the energetic youth

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Parx, a casual wear brand known for its attitude and vibrancy has launched its autumn/winter 2019 collection. Right from its inception in 1999, the brand has been the preferred choice... Read more

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