Comments
Rating agency Ind-Ra has revised the outlook on India’s textile sector to negative from stable for 2020-21 as weak domestic demand growth, threat of cheap imports and dwindling incentives and exports are likely to keep volumes muted.
Ind-Ra expects withdrawal of incentives under the merchandise exports from India scheme (MEIS) to affect export of home textiles and garments. However, it expects key raw material prices to remain low in 2020-21, after a correction in 2019-20.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.