India has no sign of cancelling the brand clothing in February 2011. Excise tax Therefore, brand clothing prices may not show any significant decline this year.

For the first time, a consumption tax on brand clothing has already generated about 20 billion rupees for the government. At present, the government of India is developing its brand. clothing Levy a 10% consumption tax.

Most brands will pass Price To raise 15-20% and pass the consumption tax on consumers, therefore, to curb consumer demand.

As of 2010, the organized clothing market in India increased by 15% annually, but the consumption tax caused the clothing market to be weakened. As a result of reduced sales, the brand clothing market in India is estimated to have lost nearly 40 billion rupees. For manufacturers and retailers, discounts and extra inventory costs have increased.