How we and lingerie grew up during pandemic
Live MintInnerwear is having a moment. In fact, experts say the Indian innerwear industry has the potential to grow exponentially in the times to come owing to the increased demand for more luxurious lingerie and growing awareness of Western trends. As the purchasing power of the consumer rises, the demand for different categories within innerwear segment such as shape wear, active wear and bralettes, has increased significantly. A recent survey, conducted by lingerie company Groversons Group, shows the Indian innerwear market is poised to grow at a robust CAGR of around 15% by the year 2023. The rising young population, new fashion trends, rising number of female shoppers and need-based lingerie solutions have contributed to the upward trajectory of this segment.