India'S Clothing Prices Are Expected To Increase Substantially During The Festival.
Gujarat
clothing
A senior official of the manufacturers' Association (GGMA) said that during the three days of the eighteenth GGMA national clothing fair, clothing prices could increase by 40% during this year's Navratri and Divali.
The eighteenth GGMA national clothing fair ended in July 25th.
Recently, the government has imposed a 10% consumption tax, raising labor costs by about 15%, plus
raw material
Cost increases, all of these increased costs are expected to be passed on to consumers during the holiday season.
However, he is optimistic that the slowdown in the global economy will not affect garment producers in Gujarat.
"Clothing is one of the basic needs of people, with an annual growth rate of 20% or more.
The order for garment production enterprises has been discharged until November 2011.
Therefore, although supply is somewhat restricted, demand is still active, "he said.
He said that because of adequate supply and administration.
Administration
And business expenses are under control, so garment manufacturers and retailers may offer attractive plans to consumers ahead of time.
But for retailers, this year's holiday is hard to come up with plans to attract consumers.
Even if such a plan is put forward, the final price will be very high.
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