India Apparel Retail Set for a Rs 16 Lakh Crore Leap by FY30
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India apparel retail landscape is entering a high-growth phase, with market size projected to reach nearly Rs 16 lakh crore by FY30, according to a recent CareEdge Ratings report. From an estimated Rs 9.30 lakh crore in FY25, the sector is expanding steadily, supported by a long-term growth trajectory of around 7 per cent CAGR since FY18. Rising disposable incomes, changing lifestyles and increasing fashion awareness across urban and semi-urban India are reshaping how consumers shop for clothing.
Organised Retail and Value Fashion Take the Lead
A key driver of this expansion is the rapid rise of organised retail, which currently contributes about 41 per cent of the overall apparel market. This segment is expected to grow at a much faster pace of 10 to 13 per cent, fuelled by a strong shift toward branded clothing and the growing presence of international labels in India. Value fashion brands, offering trend-driven products at accessible price points, are expanding aggressively across cities and towns, capturing demand from price-conscious yet style-aware consumers. Key growth enablers include
- Expansion of modern retail formats
- Rising preference for branded apparel
- Deeper reach of value fashion players
Digital Commerce and Policy Support Accelerate Growth
E-commerce is emerging as a powerful growth engine, driven by wider internet penetration, convenient shopping experiences and attractive pricing. Online platforms are enabling brands to reach new consumers beyond physical store networks, while data-led merchandising is improving product relevance. In addition, recent GST rationalisation measures are expected to improve affordability for shoppers, further supporting demand growth across segments.
Together, these trends position India apparel retail market as one of the most dynamic consumer sectors in the coming years. With income growth, digital adoption and organised retail expansion working in tandem, the journey to Rs 16 lakh crore by FY30 reflects not just scale, but a structural transformation in how India dresses and shops.
02:50 PM, Jan 19
Source : India Apparel Retail Set for a Rs 16 Lakh Crore Leap by FY30
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