How was the year 2019 for the footwear market on the whole? What can we expect in 2020?
The footwear market in India is witnessing an upsurge due to the growing demand for trendy and comfortable footwear among the country’s young population. According to a recent report, India is the fastest growing footwear market among the top 10 markets in the world. The footwear industry in India has immense growth potential. The government has been pursuing the cause of ‘Make in India’ with vigour, and they have been regularly handing out tax incentives. Last year, the government allowed 100% FDI in the leather sector to encourage manufacturing inside the country.
Further, to promote domestic production, the government has announced increase in import duty on footwear. Since the manufacturing process in the footwear industry is mostly concentrated in MSMEs, these initiatives undertaken by the government will certainly boost the overall growth of the industry. Footwear industry provides huge employment opportunities to various sections of the society, hence the growth of the industry will automatically result in the aggregate growth and development of the country.
We have great expectations from the year 2020 as well. As the industry is expanding, the tastes and preferences of the consumers are constantly and rapidly changing. The fashion industry in general has undergone a revolution because of increased disposable income in the hands of consumers who are a lot more enlightened. It has become imperative for us, like for all the other players in the market, to keep coming up with newer and more innovative products to lure the customers, as that will help set us apart from our competition.
What are the key risks facing Indian economy in your view?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
