About “10-20% of my business comes from unregistered dealers, who only want to deal in cash. Wholesalers in the apparel business usually earn around 10-15% margin, he said. “If customers are not wanting to pay in cash or register, then there is a problem,” said Arnav Goyal, owner of Kanha Fashion that makes and supplies women’s wear to retail outlets. “There are a number of factors that are at play,” said Anita Rastogi, indirect tax partner at tax advisory firm PwC. Of women’s apparel, the fastest growing apparel segment in India, only 11% is made up by the branded market, as per a June 2017 report by Avendus Capital.

Source: Mint July 02, 2017 18:33 UTC