India is the second-largest manufacturer of textiles and apparel in the world.
Indian textile and apparel market is estimated at US$ 142 Bn., 74% of which is domestic consumption while exports constitute the rest 26%.
The sector in India has been growing in double digits for the last many years despite global uncertainties and demand slowdown.As a sector specialist consultant, Wazir Advisors has been an active participant in the evolution of sector as an advisor, a thought leader and an implementation partner.
Looking at the macroeconomic factors and emerging trends, we believe that the real growth phase of industry is about to start.
Our bullish thoughts are rooted in a few fundamental reasons which are somewhat unique to India.
In the following narrative, we explain why India is poised to be the powerhouse for textile and apparel manufacturing, exports and consumption in the near future.