Over 300 global fashion brands to open stores in India by 2020

According to McKinsey Fashionscope, India is increasingly becoming a focal point for fashionistas with more than 300 international brands expected to open stores in the next two years. A rapidly growing middle-class, increasingly powerful manufacturing sector and strong economic fundamentals make the country too important for international brands to ignore. India is being propelled by strong macroeconomic tailwinds and is predicted to grow at 8 percent a year between 2018 and 2022. The Indian middle class is forecast to expand at 19.4 per cent a year, outpacing China, Mexico and Brazil. Such prediction of high-end fashion stores popping up in India is an added business advantage for the signage companies engaging in in-store branding and graphics projects.