Wazir Advisors news and archive

India’s retail market to grow four-fold by 2025

Increasing affluence, changing lifestyle and attitude towards spending by young Indians is pushing the retail market. It is expected to grow from about 550 billion dollars (over Rs 34, 97,000 crores) in 2015 to 2.1 trillion dollars (over Rs 1 crore 33 lakh) by 2025. This is an almost fourfold growth over a decade, a recent study by Wazir...

Fashion

Industry divided over Budget boost for skill development

The Union Budget 2013-’14 has cheered the textile and apparel industry. Announcing a slew of incentives Finance Minister P C Chidambaram’s biggest move was the exemption of excise duty on readymade garments, a bug bear for a long time. The industry has welcomed this move whole heartedly and it has put a smile back on the faces of brands and...

Fashion

Cotton prices move south, apparel not affected

Rising cotton prices have been a major bug bear for the textiles and garments industry in India. However, in the last two months, prices have gone down by almost 30 per cent. It came down from Rs 64,000 a candy to Rs 45,000 in May 2011. But the fall in cotton prices have not really affected garment prices, which have gone up by almost 35 per...