The forecasted growth in household expenditure on clothing and footwear in India shows a steady increasing trend from 2024 to 2028. Starting at 753.01 thousand crores in 2024, it reaches 854.1 thousand crores by 2028. Year-on-year growth rates suggest a moderate increase, reflective of an average Compound Annual Growth Rate (CAGR). This consistent rise indicates a solid consumer demand in the sector post-2023.

Future trends to watch for include:

Potential impact of rising disposable incomes on spending patterns.
Increased focus on sustainable and ethical sourcing influencing consumer choices.
Emergence of e-commerce and technology integration reshaping retail landscapes.