♦ India has risen to 15th position on the back of solid growth in retail
sales and strong prospects for future GDP growth. India's retail
market is expected to grow to $1.3 trillion by 2020, and GDP is
expected to grow at 8% over the next three years, making India the
world's fastest-growing major developing market. India represents a good
opportunity for international retailers in single-brand retail, cash-and-carry,
and e-commerce, as the country appears to be on the cusp of a strong growth
phase over the next five years.
♦ The tipping point for brick-and-mortar retail continues to be the opening up of FDI norms in multi-brand retail, a move that is not expected in the near-term. A show like GSI will allow everybody in the supply chain to come together and showcase their products and increase the growth rate.
♦ North India particularly Delhi and adjoining areas have been looking for a platform to showcase their potential range of garments and reach every nook and corner of the country.The India retail market,accounts for around 14-15 per cent of the gross domestic product (GDP) and is estimated to be worth around US$ 500 billion. As of now, almost 90 per cent of the Indian retail sector is controlled by tiny family-run shops i.e. the unorganised segment. Thus, organised retailers have a lot of room for further penetration in this flourishing economy. Thus, this is the perfect timing for a show like GSI in India.
♦ A b2b show which can bring an array of manufacturers, retailers, distributers, wholesalers, brands, fashion designers, online retailers under one roof and change the sourcing dynamics and this is the main objective of Garment Show of India.