Indian fashion industry in contemporary time is still rising and making its own in the International Market. In 2017, the fashion industry in India casts the growth of 3.5%. Let’s take a look at the market size of Indian fashion industry.
The textile industry in India is estimated to share US$120 billion, which results in the contribution of 4% of the national GDP. The industry employs 42 million people directly and 60 million people indirectly. The industry is growing 10% per year. However, the industry is still young when comparing others around the globe. The FDI in India has created a big impact on the industry. It has been estimated that the industry will share USD $490 billion (6% GDP) by 2021.
When it comes to employment, the industry employs more than 40 million workers. The course of Fashion designing is getting popular among the youngsters, as it offers a reliable and secure career that has better financial security. The cinema industry and media have contributed remarkably to the growth of fashion designing in India.
Indian fashion in International Market
India is rich in its culture and heritage. Keeping the same conventional notion of clothing in mind, Indian designers have presented unique artwork in the market. The designer has collaborated Indian conventional style with the western contemporary, and create a realm in the world. The designers like Ritu Kumar, Manish Malhotra, Manish Arora, Payal Singhal, and many others are prominent across the nation. Now, India is organizing and hosting numerous International fashion shows, and emerging as a crucial part of the fashion world.
The Final Word
The potential of the fashion industry in India cannot be estimated and has emerged as one of vital part across the world. However, many conventional artworks in India are underestimated and unheard in the international market. It is the responsibility of designers to present them before the world, and develop the artwork that aesthetically premium.
We at IWP encourage the budding fashion designers to carry the conventional fashion artworks to next level. Fashion Industry in India opens a plethora of employment opportunities for the students.