December 16, 2016

This forecast is dependant on a correlation

India is sitting on the threshold of a retail revolution and witnessing fast changing retail landscape, with footwear market is set to experience phenomenal growth in coming years. Besides, the ongoing economic crisis is unlikely to have any significant impact on the Indian footwear market because the interest in Indian footwear will continue to grow, according to our recent report, ?Indian Footwear Market Forecast to 2012?.Demand for high quality footwear produced in Europe along with other parts of the planet is expected to slowdown as individuals will look for medium or more affordable products. This is a good sign for the Indian footwear industry since India together with China is the main supplier of low-priced footwear. However, Chinese producers are facing serious problems due to rising labor cost, that has risen by around 40% since January 2008, and currency appreciation. Chinese products, which was once cheaper by around 10% compared to the Indian products, are no longer cheaper. Implementation from the Eu (EU) anti-dumping duty.In these situations, India is 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 some of the footwear majors are expected to route areas of their production and buy out from China to India.This report provides extensive research and in-depth analysis around the Indian footwear market. The detailed data and analysis given in the report can help the customer to evaluate the leading-edge opportunities critical to the success of the footwear market in India. The forecasts and estimations succumbed this report aren't based on a complex economic model, but are should have been a tough guide to the direction in which the marketplace is likely to move. This forecast is dependant on a correlation between past market growth and growth of base drivers.

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