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Global apparel trade contracts 1%: ICRA

Global apparel trade remains under pressure, having contracted by 1 per cent to US $ 432 billion in FY 2016, following a 5 per cent de-growth in 2015, owing to subdued demand trends reported by the key importing countries. This has been stated in a report by ICRA, an Indian independent and professional investment information and credit rating agency. While the volumetric growth remained marginally positive, primarily aided by recovery in demand from Europe, the […]

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Low cotton demand to impact spinners

As per ICRA Limited, an Indian independent and professional investment information and credit rating agency, cotton yarn export quantity has been recorded at 23 per cent lower year on year during first seven months of financial year 2017. Due to the improved domestic mill consumption, China has also reduced 20 per cent of its imports which has adversely impacted yarn exports, falling 54 per cent year on year during the review period. Jayanta Roy, Senior […]

January 2, 2017

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‘Indian textile sector notes 1% growth despite global economic slowdown’

Indian textile sector reportedly noted around 1 per cent growth in FY 2016, standing out in comparison to a 5 per cent decline in the global textile market in the same period. According to ICRA Research report, this muted growth is in conjunction with lower fibre prices in FY ’16, adjusted for which the growth in India’s apparel export quantity is estimated at 3-4 per cent. The growth quantum is reasonable in the backdrop of […]

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Indian textile exports to increase by 6% in FY ’17: ICRA

As per the latest report by ICRA, an Indian independent and professional investment information and credit rating agency, induced by the expectations of higher fibre prices and growth in apparel sector, Indian textile exports are likely to witness a surge of 6 per cent to US $ 40 billion in FY 2017 despite the de-growth of 2 per cent in the fiscal year 2016. According to some other estimates by ICRA, volume growth is also […]

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