US tariff blow: India's readymade garments industry faces tough fiscal, says Crisil report; warns growth may slow to 3-5%
India's readymade garment industry faces a slowdown, with revenue growth projected to decrease due to tariffs impacting US exports. While domestic demand offers some cushion, profitability is expected to decline. Exporters are shifting focus to other markets like the EU and UK, hoping the FTA with the UK will provide relief.
India's readymade garment industry faces a slowdown, with revenue growth projected to decrease due to tariffs impacting US exports. While domestic demand offers some cushion, profitability is expected to decline. Exporters are shifting focus to other markets like the EU and UK, hoping the FTA with the UK will provide relief. What's Your Reaction?
