Venture Into The Booming Fashion Franchise Business
Clothing is one of the basic necessities of life and is needed by one and all. Everyone spends money and time choosing clothes based on their capacities and preferences. Some may spend millions a year on fashion apparel while others might live in a handful of outfits. Clothing is very personal and there are no set rules to define people’s preferences or styles.
Even so, the fashion industry is one of the most consistently growing industries in the world. In India, the fashion industry contributes to about 8 percent of the total Indian retail industry. The Indian retail industry is expected to grow to 865 billion US Dollars by the year 2023. This makes the fashion retail industry a highly lucrative franchise option.
There are many factors that have contributed to the rise of the fashion industry in India. The young generation today is constantly on the internet and is aware of global lifestyle and fashion trends, they follow global fashion icons and they, in general, have a higher disposable income available, which enables them to spend more money on their purchases.