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McKinsey report says over 300 global fashion brands to open stores in India

Rapidly growing middle-class, increasingly powerful manufacturing sector and strong economic fundamentals make India too important for international brands to ignore. India is increasingly becoming a focal point for fashionistas with more than 300 international brands expected to open stores in the next two years, according to McKinsey Fashionscope. The country is being propelled by strong macroeconomic tailwinds and is predicted to grow at 8 percent a year by 2022. The Indian middle class is forecast to expand at 19.4 per cent a year, outpacing China, Mexico and Brazil. Such a progress in the retail sector with great expectation of high-end stores of global fashion brands in India is a big business opportunity for the signage companies whose activities involve in in-store branding and graphic projects.

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