The Indian retail market is expected to be worth USD 865 billion, by 2023. This is on the back of an annual growth of around 10 percent, at least, per year.
The share of apparel in India’s retail market is 8%. In addition to fashion apparel, the growing demand for fashion accessories makes the Indian fashion market lucrative.
As a small business, in particular, in this sector, the challenges associated with making the most of this growth need to be addressed prudently. And when it comes to prudence, you must consider your financing options with care, for growth depends most on it.
Why Choose Gromor for a Small Business Loan
A healthy culture of entrepreneurship is an integral part of the apparel and retail sector in India. Many small businesses are a thriving part of business landscape. All are looking to exploit the growth this sector is going to continue to see. To do, they need efficient and fair financing. For which they have Gromor.
For hassle-free financial assistance to handle working capital and growth needs, Gromor enables secured and unsecured business loans at attractive interest rates on fair and reasonable terms. Backed by scientific evaluation algorithms and technology, Gromor ensures your application is evaluated properly and the loan amount disbursed swiftly.
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