August 2, 2010 (Sampurn Wire): Fashion is somehow directly proportional to the income of an individual and this is proved again. With the rising income and growing fashion awareness, the footwear market is going to soar in India in 2010, according to a report of the Netscribes’ Consumer Goods Report series.
Netscribes (India) Pvt. Ltd is a knowledge consulting solutions company, which has recently launched this report on Indian footwear market for 2010. According to this report, the section will show some growth this year. The introduction part of the report elaborates on the Indian footwear market, its size and growth, the share of various types of footwear and the volume share.
The report also indicates overall import and export of footwear in the country and the segmented share for major countries. An elaborate analysis of various factors has been published in this report. It includes growth factors like rising fashion consciousness among the users, increase in income, accessibility of skilled manpower, rising organized retail space, huge availability of raw material and the growing demand for leather footwear in the international market.
The main challenges facing Indian footwear market are import from China and their affordability. The core trend in footwear market is the entry of foreign brands and apparel brands taking up the footwear market. India is now surfacing as the shoe manufacturing hub and manufacturing of therapeutic shoes.
— Sampurn Wire
