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India Domestic Apparel Market to Reach USD 146 Billion by 2029
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News18•07-10-2026, 22:15
India Domestic Apparel Market to Reach USD 146 Billion by 2029
- •India's domestic apparel market is projected to grow to USD 146.3 billion by 2029 at a CAGR of 9 percent.
- •The market is currently valued at around USD 95.7 billion in 2025 and ranks as the fourth-largest globally.
- •Growth is driven by rising casualisation, evolving lifestyles, and strong demand from women, children, and consumers in Tier-2 and Tier-3 cities.
- •Consumer preferences are diversifying across casualwear, traditional clothing, formalwear, athleisure, and functional apparel.
Key Questions Answered
India's domestic apparel market is projected to reach USD 146.3 billion by 2029 with a compound annual growth rate (CAGR) of 9 per cent, according to a joint study by CMAI and 1Lattice.
The next phase of growth is expected to come from markets beyond the metros, with Tier-2 and Tier-3 cities contributing significantly to apparel consumption and rising aspirations for diverse brands.
Key trends reshaping the market include rising casualisation, evolving lifestyles, strong demand from women and children, a preference for comfort and functionality, and the continued importance of physical retail stores.
