Future of Fashion Industry in India and the New Opportunities 2024
23/05/2024 2024-05-23 16:21Future of Fashion Industry in India and the New Opportunities 2024
One of the oldest and most renowned textile and handicraft manufacturing hubs in the world is India. It goes without saying that the fashion industry in India is a booming business. It has attracted considerable international attention, maintained its uniqueness, and has evolved owing to a new generation of designers experimenting with various fabrics and patterns. As a result, fashion designers in India have access to various well-paying jobs.
In this blog, we’ll take a closer look at the future of the fashion industry in India and explore the exciting possibilities it presents for emerging Indian fashion designers. Join us on a journey through the colourful and dynamic world of Indian fashion and discover your own creative potential along the way.
Fashion Industry of India: A Brief Overview
The Indian fashion industry is one of the most booming and progressive industries, gaining global acclaim for its diversity, creativity and sustainability practices. However, it is not just limited to the Indian theme, the industry plays with a fusion of Western and Eastern styles as well.
India is a global hub for manufacturing and sourcing high-quality textiles and fabrics. Moreover, it is home to many esteemed fashion schools, brands and designers. The fashion industry is significant to India’s economy since it creates jobs for millions of people and boosts the nation’s GDP.
However, the industry is confronted with both opportunities and challenges due to shifting consumer preferences, rising competition, and technological advancements. We will now go over what this means for the future of fashion in India.
Future of the Fashion Industry in India
By 2025, it is anticipated that the Indian fashion market will expand at a compound annual growth rate (CAGR) of 11–12% and reach USD 115–125 billion (Source: IndiaTimes). The apparel industry constantly evolves alongside new trends and consumer preferences. Furthermore, India’s fashion sector will have a successful future because of the country’s sizable young population.
This has contributed to rising consumption along with rising disposable incomes. Therefore, those with means seek out high quality and originality; they adore brands! As a result, we can conclude that India’s fashion industry has a bright future.
Here are some of the future trends the Indian fashion industry will see.
Sustainable fashion
Consumers are educating themselves, becoming aware of fashion’s environmental impact, and increasingly looking for brands that align with their views, such as ethical sourcing, manufacturing and sustainable practices.
They are now more conscious of their consumption practices, leading to the emergence of sustainable fashion brands that follow ethical practices in their design and production processes.
Technological Advancements and Digitisation
Incorporating technology such as AI and 3D printing is transforming the industry. Moreover, the COVID-19 pandemic propelled the digitisation of the industry. With the creation of e-commerce platforms, many Indian fashion firms are concentrating on increasing their online presence.
Many e-commerce brands use social media for engagement and promotion. They are also looking to invest in e-commerce, virtual try-on, AR, and AI technology during the next two years, continuing the digitisation trend.
Inclusivity
Inclusivity is another trend that’s gaining momentum. With many consumers voicing how brands are only obsessed with the size zero mindset, brands have been given a wake-up call to do better.
Indian fashion brands now embrace the importance of inclusivity and diversity in their designs, marketing campaigns and business communication. Many brands are breaking traditional beauty standards involving the LGBTQ+ community, specially abled and plus-size individuals, in their collections and campaigns.
Opportunities for Aspiring Designers
The fashion business in India is expanding quickly, giving young designers numerous opportunities to establish themselves and have a successful career in a fashion design job.
JD Institute of Fashion and Technology offers a bachelor’s and master’s course to get you started on your fashion design journey. The curriculum is comprehensively structured to integrate you into the fashion industry seamlessly.
Our syllabus gives you a holistic insight into the evolving fashion practices and strengthens your understanding of varied fashion elements such as design, textile, business, technology, and so much more.
There are umpteen jobs for fashion designing freshers to choose from once they complete their course, such as (and not limited to):
- Fashion designers
- Fashion Editor
- Fashion advisor
- Footwear and Accessory Designers
- Personal Stylist
- Retail Buyer
- Merchandiser
- Retail Manager
According to Ambition Box, a fashion designer’s salary starts from INR 3-4 lakhs PA for entry-level and can go to INR 10-12 lakhs PA.
Future of Fashion Designing in India
The future for fashion designers in India is a promising one. The demand for fashion-related goods and services is growing in response to a growing population and rising disposable incomes, which presents several opportunities for designers.
In India, there are many opportunities to work as a fashion designer or for various export houses, clothing store chains, textile mills, leather businesses, boutiques, fashion show organizers, jewellery manufacturers, or media outlets.
Recruitment specialists and agencies continually seek the best prospects for a job in fashion design. However, fashion designers must have a lot of passion, work hard, and stay current with the latest fashion trends.
Conclusion
The fashion industry in India has a bright future with a growing demand for both traditional and fusion fashion, a rapidly growing market and a range of diverse opportunities for aspiring designers. With the ever-evolving industry, aspiring designers can tap into India’s unique fabric and textile offerings and market opportunities to thrive in the industry!
Enrol at JD Institute of Design for a fashion design course to lay the groundwork for a solid foundation to sustain and succeed in the industry!