Fashion forecasting for the Indian market is key, as India’s textile industry is rapidly growing YOY. The textile industry is divided into an unorganized and organized sector.
The unorganized sector consists of handicrafts, handloom, and sericulture, which are operated on a small scale and through traditional tools and methods. The organized one consists of spinning, apparel, retail and garments segment which has modern machinery and technology.
The Indian textiles industry, currently estimated at around US$ 120 billion, is expected to reach US$ 230 billion by 2020. The Industry contributes approximately 2% to India’s Gross Domestic Product (GDP), 10 % of manufacturing production and 14% to overall Index of Industrial Production (IIP).
