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Financial Express Lucknow
|September 05, 2025
"RETAIL WORKS ON wafer-thin margins, and overheads like rents are extremely high," said the chief executive of a foreign garment brand operating here.
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"Growth that we were expecting earlier won't come now." The official added, "This is not a luxury.
"The ₹2,500 price point is basic now." The higher taxes are also a double whammy for domestic garment makers whose thriving US exports business is also reeling from US President Donald Trump's tariffs of 50%.
This story is from the September 05, 2025 edition of Financial Express Lucknow.
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