According to Technopak Advisors, a
retail consultancy, the entire textile and apparel industry (2010
estimates), including domestic and exports, is pegged at Rs 3,27,000
crore and is expected to grow by 11% to Rs 10,32,000 crore by 2020.
Currently menswear is the major chunk of the market at 43% (Rs 72,000
crore) and is growing at a compounded annual growth rate (CAGR) of 9%.
The menswear market in India is the fastest growing apparel segment. The India Menswear
Market Analysis 2010-2014 by Venn Research found that total revenue from
menswear was $11.8 billion in 2009, representing a CAGR of 8.6% from
2005 to 2009. Industry estimates peg the formal suits, jackets and
blazers segment at Rs 4,500 crore.
Source : Economic Times 12.02.2012
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