India’s apparel market eyes scale-up as middle class heads toward 600M by 2030
India is positioning its apparel sector as both a major sourcing base and a growing consumer market, underpinned by a 1.4 billion population and a projected middle class of 600 million by 2030.
India’s apparel sector is positioned as both a large-scale manufacturing base and a fast-growing consumer market, supported by a 1.4 billion population and a projected 600 million-strong middle class by 2030.
Why this matters
No related recent signals were provided. India’s expanding middle class strengthens the case for apparel retailers and suppliers to build both domestic demand and sourcing capacity in the market.
Retail-company signals are accelerating, up 259560% QoQ.