Fast Fashion Clothing Industry in India To Reach Over USD 50 Billion in FY31, Will Be Driven by Millennials and Gen Z Population: Report | LatestLY ...Middle East

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Fast Fashion Clothing Industry in India To Reach Over USD 50 Billion in FY31, Will Be Driven by Millennials and Gen Z Population: Report | LatestLY
source : canadian news today ( Middle East ) () 26
Bengaluru, July 2: Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed on Tuesday. In FY24, the fast fashion sector (currently valued at $10 billion) saw a remarkable growth rate of 30-40 per cent in the country, according to data from Redseer Strategy Consultants. In contrast, the broader fashion sector in India saw a modest 6 per cent (year-on-year) growth. The fast fashion sector provides affordability, combined with constant access to trendy styles, making it a game-changing experience. “Despite a year of sluggish consumption, fast fashion stood out as one of the few thriving sectors i

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