- Rapid urbanization exposes Indians to global styles, fueling a desire for self-expression through apparel.
- Rising disposable incomes empower them to prioritize this fashionable self-discovery.
- A young and fashion-forward population acts as a key driver, constantly seeking the latest trends.
Interestingly, the study reveals a surprising statistic: the average Indian spends a staggering $2,500 annually on clothes, ranking second globally behind Switzerland. This stands in stark contrast to China, despite boasting a much larger apparel market, where the average spend per person is a mere $259. This suggests Chinese consumers likely purchase fewer, potentially more affordable, garments.
Social media and influencer marketing further fuel this trend. Brands strategically leverage these platforms to showcase the latest fashions, igniting a desire for trendy clothing among consumers.
In essence, India's economic boom and evolving demographics are creating a fertile ground for the fast-fashion industry to flourish.