29 August 2023, Mumbai
In Brief
Cotton textile and garment exporters expect an 8-10% rise in outbound shipments in the next few months, as the holiday season in developed markets is expected to bring relief.
However, the apparel export slump is expected to continue, with order deferments and requests for price cuts. This is due to inflation and economic slowdown in advanced economies, coupled with piled up inventory since the pandemic.
