India’s textile exports face second consecutive year of decline amid geopolitical strains – ET Retail

Representative image India‘s textile exports experienced a setback for the second consecutive year in 2023-24, reported TOI on Friday. The decline can be attributed to geopolitical tensions casting a shadow on the global economy. In the fiscal year 2023-24, exports amounted to $34.4 billion, marking a decline of over $1 billion (3%) compared to the…

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Spinning industry expects operating margins to improve by 150-200 basis points this fiscal after hitting decadal low – ET Retail

After a year of turmoil last fiscal, the cotton yarn spinning industry is expected to witness a breather this fiscal. Operating margins of cotton yarn spinners are set to improve by 150-200 basis points this fiscal after hitting decadal lows of 8.5-9% last fiscal, said CRISIL Ratings on Wednesday. An analysis of 95 cotton yarn…

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