One thing was clear though: it was the year Indian fashion spoke loud. With international brands entering or expanding in the country, or dropping special India collections (like Bvlgari's kada bracelet and Christian Louboutin's Diwali edit), the conversation was about India being in the process of emerging as the next luxury hot spot.
Ample instances signalled Indian designers' resolution to ensure the world considers India a hub of design and innovation rather than a manufacturing centre-global collaborations like Barbie x Anita Dongre, H&M x Anamika Khanna and Rahul Mishra x Tod's; red carpet appearances such as Alia Bhatt and Sabyasachi Mukherjee during the Met Gala; and the expansion plans of independent brands with the likes of Gaurav Gupta being available at multi-designer store Neiman Marcus in the US.
As Gaurav Gupta told Lounge at the start of 2024, "We are a young industry established some three decades ago. Earlier, we focused on dressing Indians only in lehnga-choli. Now, while we continue to focus on wedding clothes, we are also dressing the world in garments that have a global appeal. I think what makes India so unique is that we are looked at as people who think globally but are still very Indian at heart."
This global appeal will only grow in 2025 as designers collaborate with international names, shop for international addresses, hold shows, dress international celebrities and create garments beyond bridalwear. Here's a look back at some of the big moments of 2024.
STAR COLLABORATIONS
This story is from the December 28, 2024 edition of Mint New Delhi.
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 December 28, 2024 edition of Mint New Delhi.
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
Services exports save the day for current account in Sep quarter
A rise in services exports helped narrow India's current account deficit (CAD) in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24.
EVs at airports to cut emissions
Government plans to add EV charging infra to airports
Sebi Issues Circular on Share Transfer
The circular provides clarity on the rules surrounding ownership transfers in intermediary cos
UltraTech to acquire minority stake in Star Cement
Leading cement producer UltraTech Cement on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.
JSW Neo to acquire O2 Power; EQT and Temasek to exit
The transaction entails acquisition of O2 Power Midco Holdings and O2 Energy SG, and is subject to customary nods
Rupee falls to record low as dollar bids spike
The rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.
Escorts Kubota's ride is bumpy amid demand concerns
Escorts Kubota Ltd continues to grapple with the challenges of weak export volumes and subdued construction equipment demand.
Rural-urban consumption gap shrinks in 2023-24
The monthly per capita consumption expenditure rose to ₹4,122 in rural areas and ₹6,996 in urban areas
India's Textile Exports a Silver Lining as Trade Deficit Widens
Experts attribute this growth to govt policies, trade deals, and adoption of new technologies
The Archetypical Insider Who Guided India Towards Its Economic Potential
During Singh's tenure at RBI, India embraced a more flexible exchange rate to promote exports