India's Textile Industry Is Making A Comeback? Here's Why Trade Deals Could Change Everything

Summary

India's textile industry is experiencing a potential turnaround, driven by improving global demand, favourable trade policies, and government support. The industry's outlook has strengthened, with experts expecting a recovery supported by rising exports, upcoming free trade agreements with the United Kingdom and the European Union, and a weaker rupee. The proposed trade agreements are expected to provide Indian exporters with a duty advantage over competitors, potentially growing the sector's revenue at a compound annual growth rate of twenty-one percent through twenty twenty-eight.