GST Impact on Indian Ethnic Wear Sales

• Ethnic and festive wear sales declined by 15% due to higher GST, with branded garments priced above ₹2,500 seeing a 5-7% drop.

• The government pushed all garments priced above ₹2,500 to an 18% slab, mainly for luxury goods.

• Branded Indian garments are typically priced between ₹2,500 and ₹7,000 each.

• The domestic apparel market is estimated to be about $100 billion, with ethnic wear constituting almost 25% of this.

• The government pushed all garments priced above ₹2,500 to the 18% slab, mainly for luxury goods.

• A shift to garments less than ₹2,500 is expected due to higher GST.

• The CMAI is urging for a uniform 5% levy for all garments.

• A report by the Confederation of All India Traders Research and Trade Development Society indicates that ready-made garments constituted 7% of the total retail trade by the non-corporate sector during Deepavali this year.

textile industry GST analysis is important topic for Civil service exam (WBCS).

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