![]() With the ever-increasing penetration of internet and social media, the purchasing behavior of Indian consumers has changed dramatically. Urbanization is taking place in India at a dramatic pace and is influencing the life style and buying behavior of the consumers. The aspects that disturb buying behavior and draw customers to the shopping centers include space, ambiance and convenience and moreover an array of choice under one roof. MAXIMUM NUMBER OF EMPLOYMENT Indian shoe manufacturing company accounts to generate maximum number of employment especially for the weaker section; therefore, it holds a very special place in the Indian economy. As per the industry figure, shoe manufacturing company employs over 1.1 million workers making it one of the top employment sources in the country. Moreover, the growth in this market is further pushed by gradual rise of fashion and lifestyle market in India. From a basic need based industry to an indispensable part of overall fashion market, footwear industry has come a long way. RISE IN WOMEN’S PER CAPITA EXPENDITURE There has been incremental rise in women’s per capita expenditure; therefore, Indian shoe manufacturers are increasingly focusing on women’s footwear. Moreover, there are a growing number of women at workplaces and high disposable incomes. With a rising number of women in the workforce and growing disposable incomes causing women to afford multiple pair of shoes and generate demand. GST CAN HAVE A BETTER PLAY The tax policy can have a fair play for the commerce and the whole idea of GST was to integrate the sector as one sector. When we talk about GST one nation one tax, people also believe that it is one sector. But when you have unorganized sector and organized sector which are competing with each other, we are competing internally rather than externally. And whereas the administration has withdrawn all the exemptions various tax slabs structure which were there in the past as legacy, but going forward. GTFC Limited is the biggest shoe company in the world that strives to meet the rising footwear demand effectively and efficiently. Related Post: GET IN TOUCH WITH THE LEADING FOOTWEAR MANUFACTURER IN INDIA
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