As of 2023, the import value of articles of apparel and clothing accessories not knitted or crocheted to India stood at $725 million. The forecasted data indicates a steady year-on-year growth: 4.75% from 2024 to 2025, 4.45% from 2025 to 2026, 4.17% from 2026 to 2027, and 3.93% from 2027 to 2028. Over the next five years, the compound annual growth rate (CAGR) is projected to be approximately 4.15%, indicating a consistent upward trend in imports.
Future trends to watch for:
- Changes in international trade policies affecting apparel imports.
- Shifts in consumer preferences towards non-knitted clothing.
- Advancements in manufacturing technologies abroad influencing import volumes.
- Sustainability trends affecting the sourcing of non-knitted materials.
