20 September 2022, Mumbai:

Unfair labor practices, pollution, waste, and climate change are just a few of the significant environmental, social, and governance (ESG) challenges the apparel/garment sector is currently dealing with.

COVID-19 has also sparked other crises (such as supply chain interruptions and labor and employee issues). Still, it has also provided businesses with chances to develop novel strategies to engage with customers and secures the resilience of their supply networks.

Companies, however, lack the necessary frameworks and approaches to comprehend how their efforts in addressing these issues might generate a profit for their businesses.

State of affairs

Products made by the fashion industry are not sustainable but are intended to be stylish and comfy. An apparel/clothing truck is either burned or dumped every second in this sector, which is most wasteful. Clothing is used so little and isn't recycled nearly enough to cost the world 500 billion dollars annually. Not to mention that this puts further strain on resources that are already under natural stress. It is also a tremendously harmful sector since washing apparel/garments and prewashing raw materials produce micro-organisms equivalent to 50 billion plastic bottles' worth of bacteria annually, which eventually end up in the ocean.

Textile circular economy

More businesses and governments are realizing the value of sustainability and changing their business models and supply chains to lessen overall environmental consequences and enhance social circumstances in the locations where fashion is produced. We must change the fashion industry's business model from one that emphasizes linear manufacturing to one that emphasizes circular production. This is a compelling financial argument for the planet and the textile industry. The efficiency and value of goods and operations are increased by switching to a circular strategy. This is crucial for ethical production and consumption that positively influences the community, the environment, and society.

Assessing the Magnitude

In recent years, the fashion industry has given a lot of attention to the subject of sustainability. Numerous brands took action in 2018 to address the effects of their operations. Due to the emergence of fast fashion, our contemporary throwaway culture, and the adverse effects the sector has on both the environment and people, it has become a significant worry recently. The first step in bringing about a good change in such a considerable sector is to discuss the issues at hand, who is affected, and what can be done to solve them. Considering the apparel sector consumes plentiful of ever-depleting natural resources and as per industry reports to make matter worse less than 1% of the material is used to produce apparel/clothing is recycled/upcycled into new clothing, inflicting a reported loss of more than USD 100 billion worth of materials each year.

UNECE's impact assessment work on trade in the textile and leather sector focuses on improving transparency and traceability in order to identify, measure and address the core issue of environmental impact.

Actionable Points

Global Fashion Agenda is a non-profit organization that seeks to bring together business leaders for a cooperative shift toward sustainability. The company has released yearly reports to start the dialogue. The CEO Agenda 2019 report concentrated on essential sustainability goals and recommendations on where to focus efforts.

This article addresses the problem solving approach dreaming & it is not nightmare it is a +ve dream/hitting on the nail head recognizing & impressing upon that it is business case/imperative understanding how sustainability and transforming their business models by aligning supply chains can be a gainful situation going forward.

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19 September 2022, Mumbai:

Fossil fuel-based conventional chemical processes cannot be sustained. Green reactions are easier to utilize, stable under ambient circumstances, more efficient fewer stages, fewer materials, and less waste, and environmentally benign (non-hazardous solvents and less hazardous waste. Twelve criteria are used to evaluate them, with the quantity of trash produced ranking highest.

The textile sector is regarded as the one that harms the environment the most globally. Unfortunately, very few textile industries have understood the maths of apprehending those energy-intensive tactics to make valuable energy-saving expenses.

Many actions have recently been taken to make textile processes more environmentally friendly. These include using greener fiber, dyes, and auxiliaries, greener solvents, eco-friendly, optimal, and efficient processing, bioprocessing, recycling textiles, water, and chemicals, and avoiding the use of dangerous chemicals.

Green chemistry

Green hydrogen as a concept is hydrogen produced by splitting water into hydrogen and oxygen more necessarily using renewable electricity. Due to the significance of chemistry in the modern world and the potential effects, it might have on the environment, green chemistry examines pollution prevention on a molecular level. The green chemistry program encourages the development of more eco-friendly chemical processes that lessen or perhaps completely stop the production of harmful materials. Although there is rising awareness of the negative consequences of pollution in emerging nations, a technique in the chemical sector has to be developed further to support the ongoing development of environmentally friendly goods.

Promising Future for Green Hydrogen

With several industrial applications, hydrogen has become a rapidly growing industry worldwide. Green hydrogen is shown as a light in the tunnel expected to play a pivotal role in the drive to achieve decarbonization, especially in heavy industries. Companies from all across the world are now investigating green hydrogen.

One of the cleanest sources of energy on the planet is green hydrogen. It is considered to be the best way to attain net zero emissions. Water, a sizable electrolyzer, and power are all required to make hydrogen through the electrolysis process. The water is subsequently separated into its two constituents, hydrogen and oxygen, by the electric current. Since the sole byproduct of this process is oxygen, there will be no discharge of greenhouse gases. Furthermore, the process is entirely emission-free if the power is generated from renewable resources.

Nurturing Green Hydrogen

India's hydrogen consumption was estimated by TERI to be 6 million Tons (MT) annually in 2020. 2 However, research has indicated a considerable potential for development in this field. The price of hydrogen is anticipated to decrease by 50% by 2030. 3 By 2050, there will be a 5-fold increase in hydrogen consumption, reaching 28 MT, with 80 percent of that demand anticipated to be environmentally friendly. 4 A lot of Indian businesses have already begun advertising their intentions to dabble in the green energy market.

Reliance Industries Ltd. (RIL), India's largest oil and gas corporation, has revealed its aspirations to go green. The business has disclosed its goals to achieve net zero carbon emissions by 2035. To construct a 5000-acre green energy complex in Jamnagar, Gujarat, RIL aims to invest INR 600 billion. 5 A green hydrogen electrolyzer plant will be housed in the facility.

India's date with Green Hydrogen

In India, the use of unconventional technology is widespread. The Public Sector Undertaking (PSU) GAIL (India) has announced a tender to buy an electrolyzer. One of the most extensive facilities revealed thus far, a 10 MW facility, is being finalized, and locations are being considered. 6 GAIL has advanced and has even begun experimenting with blending hydrogen with natural gas in one of the cities.

Similarly, NTPC has also expressed interest in commercially producing green hydrogen. They have declared a 5 MW7 plant and stated their intention to accomplish the same from their 4.75 GW park in the Rann of Kutch. The firm is now operating a pilot in its Vindhyanchal division.

The road ahead for renewable energy

Post-Russian invasion of Ukraine the spotlight is shifted to the twin benefits of renewable energy: which helps reduce emissions and provides energy security. India has taken a ground-breaking approach to the green hydrogen industry. Ohmium International has sent its first-ever electrolyzer unit to the United States, establishing India as an important center for the production of green hydrogen. India's first green hydrogen electrolyzer Gigafactory, Ohmium's Bengaluru plant, where the electrolyzer was made.

The textile sector continues to have a high cost of manufacturing V/s Chinas of the world. Considering, the rising demand, improved technology, and strong government backing by way of PM Mitra, PLI for textile schemes, etc., hopefully, it will soon achieve economies of scale that will lower costs. The textile industry offers enormous potential for development and investment in accordance with India's Make in India strategy and its net zero emission ambitions.

The article has dug in to figure out how textile companies be energy-efficient using per unit of output at manufacturing plants perking up profitability using renewable inputs such as solar, hydroelectric, landfill gas (LFG), and geothermal besides discovering green hydrogen usage. This is to be borne in mind that the initiative earns carbon credit thus making such projects economically viable from standpoint of green funding too.

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20 September 2022, Mumbai:

The 2030 Agenda for SDG, endorsed by 193 Member States at the UN General Assembly Summit in 2015 and became effective in 2016, is a game-changing initiative that includes the 17 SDGs and several objectives. This 2030 global agenda is based on the universality concept of "Leave No One Behind." All people, everywhere, must be a part of development in all forms, and involvement from everyone, especially the most marginalized and vulnerable, is essential. This holistic agenda bringing a wealth of knowledge acknowledges that it is no longer adequate to only focus on economic growth but also on creating fairer, more equal communities and a safer, healthier planet.

Action point

Without the corresponding remark on the current quo in the States, any national pronouncement on the SDGs is lacking. The States are receiving sufficient technical assistance from MoSPI to create an inclusive and thorough SDG Monitoring Framework. To help and support States/UTs in developing a State Level Monitoring Framework in their respective States/UTs, the Ministry has created and distributed guidelines for establishing State Indicator Frameworks (SIF).

Preamble

The Global Goals, which include 169 objectives to be achieved by 2030 and more than 232 indicators to track progress, were created to encourage favorable outcomes for people, the planet, prosperity, peace, and partnerships. The Global Goals' focus on issues like poverty, hunger, health and well-being, equality, education, sanitation, decent employment, and production aligns with the present problems and dangers the clothing and textile value chain is currently experiencing. Governments, NGOs, and companies have all broadly endorsed the Global Goals.

Pull V/s Push

Companies occasionally have a more significant influence than governments. Companies may position themselves as global leaders rather than just business leaders and recast their successes as victories for the globe by connecting their business and sustainability plans to the Global Goals or altering their business models. In addition to being the key to long-term SDG achievement, the SDGs will influence corporate transformation.

Stand in good stead

While each SDG is significant, it's possible that some SDGs will have a stronger impact on a company's business objectives and competencies than others. Leading businesses intensify their efforts to achieve their top SDGs and collaborate with other groups. Leading industries recognize the benefit of collaborating inside their supply chains, especially when addressing complex sustainability concerns in sourcing locations because diversity brings diverse ideas to the table. They also consider the interconnectedness of the 17 objectives, emphasizing the need for a comprehensive strategy to guarantee that the accomplishment of one SDG does not negatively impact the achievement of the others.

Driving textiles to achieve Sustainable Development Given the precarious situations of the day let us take argument sake the perspective of the textile industry. Realizing that no market is decoupled today & in the wake of overarching themes put out by Global Goals having an industry overhang thus, posing its own set of challenges, threats, and risks on the (T&C) apparel and textile value chain both globally and back home in India.

Trying to cite here a quick industry anecdote that some over ten years ago, the sportswear company PUMA pledged & started taking steps to stop the consequences of climate change. They naturally decided to participate when UN Climate asked them to join in an effort for the fashion sector. Since then, PUMA has has collaborated with other stakeholders to create the Fashion Industry Charter for Climate Action, a framework that aids companies in addressing the climate problem by developing and implementing their sustainability policies following other actors. The Head of Corporate Sustainability at PUMA, Stefan Seidel, stated that industry partnerships serve as drivers for systemic change. "When we talk about sustainability, brands frequently have identical objectives, but to a certain extent, they are constrained by their resources and supply chain reach.

Momentous

There is a sole talk around the spirit of accomplishing broader Sustainable Development Goals & as a matter of fact the sector has to stay constructive on promoting the textile sector which is not an end in itself, but a necessary means.

It is natural to expect therefore anything falling out of the sustainable pathway while persuing in the spirit of the game will fall out of place given that the ideals of the Indian textile sector are very much harmonical, symmetric & well-aligned with the mindfully designed, stated enshrined preambles of sustainable development goals (SDGs).

Despite trepidation trade is all out leveraging to promote sustained economic prosperity/faster path of growth thus spurring meaningful employment, fuelling innate entrepreneurship which is very central to the Indian textile sector.

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17 September 2022, Mumbai:

In the globalized world arguably this is the common ask/aspiration free access to clean air and water; economic affluence; greener, safe, and healthy planet place. The question we should be asking ourselves is what do we leave for posterity?

Let us indulge imaginatively in the universal debate of what our tangible expectations of a sustainable community are built around the foundation of a peaceful and healthy planet for humanity; sensitive to the real-life concerns, threats viz climate change, income inequality, and social injustice globe currently are grappling with. More particularly how to overcome these odds we are stacked with defining our current priorities.

In the case of The Textile Industry, there is an imperative need of taking a close look at the journey of 'Input Materials to the Final Product' a holistic net zero *LCA (Life Cycle Assessment) from Pre-Production to Post-Production entailing Post-consumer waste.

The price of fast fashion

Dwelling straight into the debate of what fast fashion is; it stimulates fashion retailers to augment apparel/clothing production. The caveat here is Apparel/Clothing developments can be shorter turnaround/cut down timelines for the catwalk to stores' placement & introduction. Many times leading to cutting corners/compromises like the utilization of cheap material within the production process, paving way for an affordable end product yet maintaining workable profit margins.

It has to be seen from the lens of and in the context of what fast-fashion spurs i.e. water consumption, chemical pollution, carbon emission, and the utilization of vulnerable citizens as highlighted by researchers from the University of Manchester through the Nature Review Earth and Environment 2020.

Slow fashion

An approach to making an extra point here is that it is all about spending more time on apparel development, design, and process-wise, aiming to attain apparel that stands for quality & its enduring value. A manufacturing process that takes a conscious & holistic cognizance of how well the supply chains are aligned and in doing so aims at respecting & be ethically responsible to people, the environment, and animals to all the stakeholders.

Addressing the Post-consumer waste aspect

There is a tendency to everything is fine but we need to recognize that there is a problem of sustainability issues in the textile and apparel/clothing industry that has gone beyond just using organic materials and efficient processes.

The narrative today is to totally overhaul building & developing a robust framework for Post-consumer waste management. Increasingly, what is unique in pushing the sustainability agenda visibly is that greater attention is being paid to waste management. And what gives heart is many NGOs/social enterprise organizations are starting to come forward & seeing the advantages of establishing a waste reduction program to make a difference in and around us.

What it takes to be Sustainable

The article gives valuable trade insights and lets readers 'Learn more about the textile industry´s environmental impact'; Deals with trade-offs create credible alternatives to fast fashion in day-to-day life. The initiative aims to propagate and romanticize the use of green and clean energy in the sector to take enormous strides in the pursuit of a sustainable future.

Playing the devil's advocate here that the time clock is ticking and it is evident that the textile trade has to do course correction so that multi-stakeholders & long global supply chains align with the overarching need and theme of the day that "Sustainable is attainable".

*LCA in a sector in which sustainability overhang persists is used to measure the opportunity of efficiency on the environmental metrics as in impact assessment of textile products, from the raw material stage through fibre processing, textile mills entailing manufacture, distribution, and use, to textile waste disposal recycling and whatnot.

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19 September 2022, Mumbai:

The intricate network of supply chains that the fashion industry requires results in millions of employment, economic activity, and severe climatic implications. According to a recent McKinsey report, the fashion industry is estimated to be responsible for roughly 4% of all global carbon emissions; for reference, the transportation sector was in charge of 24% of emissions worldwide in 2019.

Moreover, according to McKinsey, to comply with the Paris Agreement's commitment to keeping global warming to 1.5 degrees Celsius, the fashion sector would need to decrease emissions in half by 2030; otherwise, emissions are predicted to rise by 23%. Because emissions are ingrained throughout the fashion supply chain, producers and merchants must think about how to minimize them.

Decarbonization gets a leg up

Everyone is relying on decarbonization as the magic cure, from governments establishing "decarbonization routes" to Wall Street titans investing "billions of dollars in decarbonization solutions" to the general public calling for a quick shift to a low-carbon economy. From Bill Gates, who promised to chill the world using solar engineering technology, to Elon Musk, who is fascinated with electric automobiles (just a heads up: Tesla generated USD 1.4 billion in 2020 selling carbon credits), billionaires and philanthropists are driving the decarbonization movement.

Global climate change concerns

UN Human Rights reports have answered FAQs (frequently asked questions) time & again on climate change. The primary strategy for addressing climate change is decarbonization, and the main objective is to reduce carbon dioxide emissions globally as quickly as feasible. This process necessitates radical transformation and gradual increments, moving from one business or area to another.

The attention should also be on other industries, such as cement, steel, agriculture, and many others, even if the energy sector is the one that receives the most scrutiny due to the lower cost of renewable energies.

Decoding Decarbonization

Decarbonization is eliminating or lowering all human-caused carbon emissions to accomplish net-zero emissions. Decarbonization, as defined by the Oxford Dictionary, is substituting fossil fuels with cleaner energy sources. In this sense, decarbonization is achieved through low-carbon energy and technology. A "low-carbon" or "decarbonized" economy, on the other hand, has switched to employing low-carbon energy sources, which lowers the quantity of greenhouse gas emissions (GHG) emitted into the environment. The term "decarbonization" refers to reducing carbon emissions from a country's economy by focusing on its most carbon-intensive businesses and developing creative ways to do it.

Pulse check

It is no more a well-kept secret that to aptly address decarbonization, the starting point will be to get nuanced as to where and how emissions are generated. From the cotton fields to the garbage, the fashion sector produces emissions and influences the environment. Materials must be produced or gathered to make the garments that cover the earth. Most synthetic fibers used in apparel/clothing—like polyester—are petrochemical byproducts.

Furthermore, traditionally farmed natural fibers like cotton require enormous amounts of fertilizers and pesticides to maintain significant production levels for fast fashion.

Expression of oneness

According to a Quantis analysis from 2018, the preparation of yarn (28%) and dyeing and finishing of clothing (36%) account for almost two-thirds of the emissions generated during the manufacture of a new apparel/garment.

To meet the lofty objective, countries must drastically reduce GHG emissions to achieve carbon neutrality by 2030 and net-zero emissions by 2050. And here is where decarbonization comes into play, Watson, my darling.

As we discussed earlier in this article discovering that power emission reduction as a tectonic shift is absolutely critical for attaining low-carbon textile products. Furthermore, the unified approach will only help to realize of vision of decarbonization in the so-called orthodox textile industry and what can be learned from other industries.

The road ahead is a challenging route that will take billions of dollars in expenditures, realizing how big the market opportunity expectedly could succeed with the active participation of multinational corporations as fundamental to progression.

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16 September 2022, Mumbai:

The underlying observation is that the fashion industry is undergoing a paradigm shift in the direction of wearing customized apparel/clothing. Custom-designed t-shirts are increasingly being used by companies underpinning this as a branding strategy, profile formation strategy for their company, given product/line, or value proposition to drive the growth metric.

Moreover, the use of custom-printed t-shirts to raise social awareness, raise a voice, and support a cause is on the rise.

As Graphic and Custom T-shirt Printing Market registered a 9.7% CAGR to touch a new peak as this gains popularity going forward. The question is how much each category will happen as the industry catches up with quickly ramping up capacity & tech capability. the global custom t-shirt printing market is expected to surpass US$ 9,009.3 Mn, exhibiting a CAGR of over 9.7% through 2032 factoring in incremental capex/opex investments and innovative developments in the space of printing technologies in globally.

India is expected to spearhead the growth in South Asia's custom t-shirt printing market, with sales increasing at 16.6% CAGR through 2022 & beyond.

Sales in Japan's custom t-shirt printing market are expected to rise at over 15.0% CAGR over the forecast period.

Leaders of the pack

Key players in the pack present in the custom t-shirt printing market are CafePress Inc., Custom Ink, LLC., CustomThread, Printful Inc., RushOrderTees.com, Spreadshirt, THEBLUEGECKOPRINTING, THREADBIRD, UberPrints, Inc., Vistaprint, Blue Gecko (UK) Ltd, POLOS INC, Teetalkies, INSTANT IMPRINTS, Rogue Star, Sharprint, Kornit Digital, Carhartt, Inc., and Nike, Inc among many others.

What leads to popularity

The popularity of customized t-shirts among the young is attributable to the availability of a wide range of colour, patterns, garments, words, or images printed on the shirts. As a result, sales of pre-printed and creative graphic t-shirts are increasing. Customized t-shirts are gaining immense popularity among the younger generation. The growing trend of wearing graphic, pre-printed t-shirts with movie logos and slogans are propelling sales in the custom t-shirt printing market.

This has in some way become a strong means to express oneself in this selfie generation. Moreover, as a strong use case custom printed t-shirts help to raise social awareness, raise a voice, and timely support a cause on the rise.

The growing influence of bloggers, promotional strategies, and improved standard of living are also driving the demand for custom-printed t-shirts in the market. Furthermore, another strong use case is customers in industries such as hospitality, logistics etc, are increasingly using this supportive marketing tool by providing custom printed t-shirts to their employees.

Availability leads to the growth trajectory

The golden principle of marketing is that the availability of trendy, fashionable, stylish, and unique customized t-shirts that reflect individual personalities is also fuelling growth. Coupled with the cost-effective prices of these t-shirts, more particularly across emerging economies, this catalytic action will stimulate sales in the market.

Key Takeaways laying down the future roadmap

• In terms of technique, the screen printing segment is expected to hold over 52.1% of the market share in 2021.

• The U.S. custom t-shirt printing market will contribute over 78.9% of the share in North America.

• Based on the design, the artwork segment is expected to register a CAGR of 12.5% from 2022 to 2032.

• India is expected to spearhead the growth in South Asia's custom t-shirt printing market, with sales increasing at 16.6% CAGR through 2022 & beyond.

• Sales in Japan's custom t-shirt printing market are expected to rise at over 15.0% CAGR over the forecast period.

Trends that could drive growth and expansion

“Important point of discussion here is that increasing preferences towards customized, fashionable and unique clothing along with the rising income within the young population, are major factors driving demand for custom t-shirts worldwide.” says an FMI analyst. Betting big prominent manufacturers going down this long runway of custom t-shirt printing as a growth driver is focused on active promotional strategies, multi-channel advertisements, and enthusiastic new product launches visibly have globally driven sales growth of custom t-shirts.

Key Insights covered in the Report

• In terms of technique, the screen printing segment is expected to hold over 52.1% of the market share in 2021.

• The U.S. custom t-shirt printing market will contribute over 78.9% of the share in North America.

• Based on the design, the artwork segment is expected to register a CAGR of 12.5% from 2022 to 2032.

• India is expected to spearhead the growth in South Asia's custom t-shirt printing market, with sales increasing at 16.6% CAGR through 2022 & beyond.

• Sales in Japan's custom t-shirt printing market are expected to rise at over 15.0% CAGR over the forecast period.

Road Ahead

A wealth of opinion coming out of this article dwells on this subject & there is a potential upside in this theme. Frankly, it doesn't look tenuous at this juncture & long time future looks great. Of course, it still has much more distance to go.

(CREDITS: Future Market Insights Study)

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15 September 2022, Mumbai:

Retail businesses across India had a 15% growth in sales as compared to pre-pandemic levels ahead of festivity. Are retail sales set for a bumper growth ahead of festivity as per data? observes Kumar Rajagopalan, CEO, of the Retailers Association of India (RAI). He also alluded that," The growth might pick up around Dusshera but we’ll have to wait and watch".

The effects of inflation 

Reading into the data given inflationary/cost pressures it has different impacts across category mix & product spectrum. Inflation affects different stakeholders in a different fashion but on the whole, it is anecdotal that it bites the common man more than anybody else. The same is clear when one wades into the granularity of the data as pricier articles are selling more V/s low ticket/lower price spectrum where we have started to see consumers titrating. 

Given the recovering nature of the economy currently, experts are sanguine that consumer downtrading at present is transitory and consumption optimistically gets more wide-based as the festive season merrily kicks in.

Topically sales growth of August 2022 as an apple to apple comparison V/s pre-pandemic period was pretty secular & encouraging as witnessed across regions with sales in East India growing to 19%, while South India showed a growth of 12%, North India indicating a resilient 18% and West India growing by as much 11%.

Sales across categories too are showing a steady increase with sports goods indicating a strong performance followed by footwear, QSR, and jewelry with impressive performance ahead of other categories. Prominent amongst those is the womenswear segment has seen a huge surge in demand.

Sales triggers

If we were to pinpointedly underscore some of the factors that galvanize the upward growth trajectory & fundamental growth tailwind: The ease of doing business for MSMEs is clearly one such factor. 

Revenge buying as it is been commonly been regarded after restriction to home for almost two years & 1st normal year in three years notwithstanding the anchored inflation outlook. What gives a very bullish outlook is a lot of social gatherings including weddings are now happening and strong order pipelines helping raise the growth outlook. There has been a significant uptake in occasionwear and bridalwear, besides workwear. 

E-commerce firms are expected to log a 28% year-on-year growth in sales at USD 11.8-billion during the festive month this year, and in 2021 overall online retail GMV (gross merchandise value) of $52 billion is likely to grow by 30% hitting $68 billion in 2022.

The growth is expected to be driven by the doubling of online shoppers during festive sales as against 2018 ahead of festivity, as it is seen that in the 1st week itself, the sales are likely to hit around USD 5.9 Bn. Additionally, the quick Y-O-Y comparison of 28% rise V/s corresponding period of USD 4.8$ Bn gives a big heart a Redseer report said recently.

Revenge buying drives retail sales

On the back of economic recovery and improving business & consumer confidence with Covid fear concerns fading. Who doesn't want to celebrate? These newfound expectations will be the key to driving sales revenues for brands during the festive season leading to an increase in volume & hopefully value sales. 

Cautious optimism

India is continuously becoming a more & more consensus market. As we are seeing sustainable optimism in India both in business confidence & consumer sentiments, especially at the premium end of the market/against the entry-level and incremental %age of GDP going up, up & away on the private consumption side of the economy.

India is doing well given the economic revival though the global economy is not doing well as a lot of upheavals are going on in the background.

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