December 10, 2016

The forecasts and estimations succumbed this report are not based on a complex economic model

India is standing on the threshold of a retail revolution and witnessing fast changing retail landscape, with footwear market is set to see phenomenal growth in future years. Besides, the ongoing economic crisis is unlikely to have any significant impact on the Indian footwear market as the demand for Indian footwear continues to grow, according to our recent report, ?Indian Footwear Market Forecast to 2012?.Interest in top quality footwear produced in Europe and other areas of the planet is expected to slowdown as individuals will look for medium or lower priced products. This is a good sign for the Indian footwear industry since India along with China is the main supplier of low-priced footwear. However, Chinese producers are facing serious problems because of rising labor cost, which has risen by around 40% since January 2008, and currency appreciation. Chinese products, which used to be cheaper by around 10% compared to the Indian products, are no longer cheaper. Implementation of the Eu (EU) anti-dumping duty.Under these circumstances, India may be the only major source for supplying medium and low-priced footwear. Moreover, most of the global footwear manufacturers, particularly European manufacturers who have been sourcing from China, have finally considered India. Nike, Adidas and Puma are the footwear majors are required to route areas of their production and purchase out from China to India.This report has many research and in-depth analysis around the Indian footwear market. The detailed data and analysis succumbed the report will help the client to judge the leading-edge opportunities critical to the prosperity of the footwear market in India. The forecasts and estimations succumbed this report are not based on a complex economic model, but they are should have been a tough guide to the direction where the market is prone to move. This forecast is based on a correlation between past market growth and development of base drivers.

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