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Views: 0 Author: Site Editor Publish Time: 2020-06-29 Origin: Site
India’s textile and apparel exports
Even if a stimulus package is in place, it will be some time before we see India’s textile and clothing exports at pre-Covid-19 levels.
The survey showed that 34% of the respondents believe exports will reach pre-Covid-19 levels by the end of 2020.
However, 66% believe that will not happen in 2020.
India’s main markets – US and EU – could be in a deeper economic recession than India, and India’s textile and clothing exports will recover once these economies start to fare well. And that could be well into 2021, at the earliest.