News > India's apparel retail will continue to grow with rising incomes: Centrum

India's apparel retail will continue to grow with rising incomes: Centrum

India's apparel retail industry has grown at a compounded annual growth rate (CAGR) of 10.2 per cent over the past decade fuelled by rising disposable incomes and rapid urbanisation, leading to a shift from unorganised to branded retail. As per a report, the apparel market is expected to continue growing, driven by rising incomes, favourable demographics, and increased demand for affordable fashion, particularly among Gen-Z consumers.