Indian Apparel Retail Sector - Sanguine Outlook Despite Near-Term Strain: Systematix
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
The share of domestic private consumption in India’s gross domestic product has increased from 55% in FY15 to 60% in FY20.
Despite near-term demand headwinds stemming from Covid-19, the country’s mid-to-long-term consumption growth story remains intact driven by-
personal income growth,
steady and dispersed urbanisation,
democratisation of the internet and
evolving consumer attitudes.
We expect the apparel industry to grow at a compound annual growth rate of 10% (branded apparel CAGR of 13%) between FY20-25E led by higher discretionary spending, better access/availability of products, brand consciousness and increasing urbanisation and digitisation.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.