Related Keywords: apparel, Bangladesh, environmental impact, fashion, fast fashion, government, Higg Index, India, innovation, market, Textile
India feels the adverse social and environmental impact of ‘fast fashion’; however, this may change soon.
India is a global manufacturing hub for textiles and apparel, coping with growing international and domestic demand. The global textiles market is projected to reach $1.3 trillion by 2025. Similarly, the domestic market for apparel is estimated to reach $59.3 billion by 2022 and that for textiles to grow to $223 billion by 2021. The industry is also critical in terms of income and employment generation, contributing to 5 percent of India’s current GDP.