India Brand Clothing Prices Can Not Be Reduced

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.