 "Apparel exports, Apparel industry, Apparel sector, Apparel market")
The growing Indian economy has led to expectations of 11-12 per cent growth in the domestic apparel market in the next seven years, said a study conducted by the apex industry body the Clothing Manufacturers’ Association of India (CMAI).
“India’s domestic apparel market was estimated at $67 billion in 2017 which had grown at a compounded annual growth rate (CAGR) of 10 per cent since 2005. Owing to strong fundamentals, India’s domestic apparel market size is now expected to grow at 11-12 per cent CAGR and reach about $160 billion by 2025,” said Rahul Mehta, President, CMAI, while inaugurating the
