Business
India apparel market seen at $146.3 billion by 2029
The Hindu BusinessLine··4d ago
India’s apparel market is projected to rise from $95.7 billion in CY2025 to $146.3 billion by CY2029. A CMAI and 1Lattice report put that path at a 9 percent CAGR. India ranks fourth globally. The rural market is pegged at $55.9 billion, about 58 percent of consumption. The sector grew from $49.3 billion in CY2020 to $95.7 billion in CY2025.
Prism
What It Means For You
- CMAI says more growth will come from Tier-2 and Tier-3 cities beyond metros.
- Casualwear is the largest occasion share at 31 percent, ahead of ethnic and formalwear.
- Menswear remains the largest segment at $38.5 billion in CY2025.
What's Happening
- The Clothing Manufacturers Association of India released the report with 1Lattice.
- Metro and Tier-1 markets together accounted for $14.2 billion in the cited split.
- Tier-2 contributed $8.5 billion and Tier-3 and below $17.1 billion.
How the mix is shifting
- Womenswear stood at $35.6 billion and kidswear at $21.6 billion in CY2025.
- Santosh Katariya said smaller cities want contemporary and accessible brand options.
- Rahul Mehta said menswear is becoming more casual while women’s ethnic wear is evolving.
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