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India's Apparel Export Outlook Revised to Negative from Stable: ICRA
The Daily Guardian
|September 09, 2025
The outlook for the Indian apparel export industry has been revised to Negative from Stable by rating agency ICRA, following the upward revision in tariff rates by the US.
The move is expected to adversely impact India's overall apparel exports, with revenues likely to decline in the coming fiscal.
ICRA in a statement on Monday stated, "Lower exports and pressure on pricing to contract industry operating margins by 200-300 bps in FY2026; impact could be steeper for entities with higher concentration on the US market."
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