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Indian Apparel Retail Sector - Sanguine Outlook Despite Near-Term Strain: Systematix

Indian Apparel Retail Sector - Sanguine Outlook Despite Near-Term Strain: Systematix

Customers browse clothing at a mall in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)  
Customers browse clothing at a mall in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)  

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-

  1. personal income growth,

  2. steady and dispersed urbanisation,

  3. favourable demographics,

  4. democratisation of the internet and

  5. 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:

Systematix Indian Apparel Retail Sector - Initiating Coverage.pdf

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