We are living in one of the youngest nations in the world - not because India as a country was formed 70 years ago; we have a larger number of young population than any other countries. Now, every third person in an Indian city is a youth. In about four years, 64 percent of India's population will be in the working age group with an average age of 29 years. It is not only helping the country to grow as a powerhouse of the workforce; this young, highly lucrative and influential demographic makes India a ripe market for global fashion players to operate.
As a county that is already occupied with a sizeable chunk of the millennials, the Indian fashion landscape has changed in leaps and bounds. While, the Indian retail market is expected to demonstrate a promising year-on-year growth of 6 percent to reach USD 865 billion by 2023, from the current USD 490 billion, the share of apparel in India's retail market is 8 percent, corresponding to a value of USD 40 billion. In addition to fashion apparel, the growing demand for fashion accessories makes the Indian fashion market both interesting and lucrative.
With the enormous and still increasing demand for stylish clothes and the quantity of exports, fashion industry offers an abundance of opportunities for creative, artistic and enthusiastic people. Several garment store chains, export houses, leather companies, textile mills, boutiques, fashion show organizers and jewellery houses are looking for fresh graduates who are fascinated to make a career in fashion designing.
This issue of Higher Education Review attempts to uncover 'Top 10 Promising Fashion Designing Institutes in India 2017,' which are blending creativity and technology to produce the country's next-gen fashion designers. On the cover, we feature International School of Design, an institute with 40+ flagship centres spread all across India, making significant contributions in the development of the Indian Design Industry.