Indian apparel exports show an upward trajectory in the coming months
14th October 2021, Mumbai:
With festivity upon us both back home & globally India’s clothing and textile exports witness increased demand, some global factors help our exporters see demand tailwind such as sanctions on China’s New River by the United States, the global China Plus One/ China credible alternate, United Kingdom and the EU, reduced production capacity, Power outage reported from China and Vietnam due and resurgence in COVID-19 cases from western & advanced nations, respectively.
Supportive factors pinching global leader China's rising coal prices China’s due to regulated supply, stringent emission standards (As China tends to usher in decarbonization glide path), and China facing unusually strong demand from the industry both from within & global market
A new wave of COVID-19 at major ports affecting Chinese exports continues to be a niggling global supply side constraint.
Furthermore, The US ban on cotton in the Xinjiang Uygur Autonomous Region is another plus favoring sustainable cotton demand from India.
Back home trade starts to see fundamental demand tailwind for India’s clothing and textile exports as we get into the global festive spirit.
Additionally, on the back of the fact, the fortunes for Exports of cotton and cotton products from India have turned the corner owing to the elevated international cotton prices v/s the prevalent prices of Indian cotton.