Textile exports are likely to witness downward pressure due to the macroeconomic headwinds in major export markets of India, especially European Union and the US, as discretionary spending is expected to further decline, according to India Ratings and Research (Ind-Ra). ...

India’s home textile exports are expected to decline by 16-18% in FY23 as compared to FY22 due to slow down in demand from the US and Europe, according to a report by CareEdge. The US and Europe have been the ...