The Indian apparel industry has been making significant strides in the global market, with impressive growth recorded from April to September 2024. Key markets like the USA, UK, Germany, Spain, and the Netherlands witnessed double-digit percentage increases in Indian apparel imports during this period.

Growth in Key Markets:

FTAs Unlock New Opportunities:

India's strategic Free Trade Agreements (FTAs) with South Korea, Japan, Australia, and Mauritius have further fuelled the growth of the Indian apparel industry. These FTAs have reduced tariffs and streamlined trade procedures, making Indian apparel more competitive in these markets.

Reasons for growth:

Several factors have contributed to the remarkable growth of the Indian apparel industry:

• Skilled workforce: India boasts a large pool of skilled and cost-effective labour, which is a major advantage for the apparel industry.

• Favourable government policies: The government's supportive policies, including initiatives like "Make in India," have encouraged investment in the sector.

• Rising global demand: The increasing demand for affordable and stylish apparel has created opportunities for Indian manufacturers to tap into new markets.

• Improved quality and design: Indian manufacturers have significantly improved the quality and design of their products, making them more attractive to international buyers.

Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC), while expressing his optimism on social media about the future of the Indian apparel industry, mentioned, "India's fashion industry is on a roll! With impressive growth rates in key markets like the USA, UK, Germany, Spain, and the Netherlands, our exports are soaring to new heights. And thanks to our strategic Free Trade Agreements (FTAs) with South Korea, Japan, Australia, and Mauritius, we're unlocking even more opportunities to showcase our talent on the international stage."

Data Comparison:

Indian apparel industry is poised for further growth

The Indian apparel industry is poised for further growth and success in the global market. With its strong foundation, skilled workforce, favorable policies, and expanding market access, India is well-positioned to become a major player in the global apparel industry.