Tech improvements boost India's online fashion retail market

A growing e-commerce has also been gaining grip in the country.

India’s online fashion retail market is projected to grow at a CAGR of 15% to 2027 amidst a higher penetration of smartphone and faster internet infrastructure, according to a report from The Business Market Insights.

The influential demographic of the country will help most of the global fashion retail market in coming years. Further, a growing e-commerce in the country has been gaining grip in India, which might dent the brick-and-mortar business in coming years.

“Retail trade has been observed to be one of the key sectors in the country, big enterprises such as Aditya Birla Group, TATA Group and Reliance industries have been reaping the advantage through their presence in online retail business,” the report stated.

Some of the important players in India Online Fashion Retail market are Amazon India, Flipkart, Snapdeal, Yepme, Paytm, Ebay.in, Shopclues, Homeshop18, Limeroad, and FashionAndYou.