Clothing cost increase: Prices likely to rise 15-20% this year, or even more if GST rates increase

Clothing cost increase: Prices likely to rise 15-20% this year, or even more if GST rates increase

Even as apparel customers are relieved after the GST Board has postponed the rise in the GST rate for textiles, clothing prices are likely to rise by up to 20 percent this year due to the increase in raw material prices, freight costs, etc. A possible increase in the GST will lead to an additional … Read more