In 2023, the import of not knitted or crocheted men's and boys' shirts of cotton to India was $101.63 million. Forecast data indicate a steady annual growth in imports from 2024 to 2028, starting at $106.37 million in 2024 and reaching $126.32 million by 2028. The year-on-year growth rate is projected to be approximately 4.84% on average over this period. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 4.54%.
Future trends to watch for include:
- Potential changes in consumer preferences towards sustainable and ethically produced garments, influencing import volumes.
- Impact of trade policies and tariffs under India's foreign trade agreements on import costs.
- Evolving dynamics of international supply chains, which could affect lead times and cost efficiencies.