Revenues in India’s apparel retail market are expected to surge at a CAGR of 3.58 per cent from 2024-2027 while reaching $105 billion in 2024.
The women’s apparel market is expected to lead this growth with a market volume of $50 billion in 2024, while menswear and kidswear will grow to $35 billion and $20 billion worth of market volume approximately, as per Statista.
Volume in the Indian apparel market is expected to increase substantially to 38.8 billion pieces by 2027. However, in terms of per person revenues, India seems to be lagging behind the major apparel markets such as the US, China and Japan, generating approximately $72 in 2024.
India’s average volume per person in the market is projected to be over 24 pieces in 2024, reflecting the diverse wardrobe needs of the Indian consumer.
