Key facts
- India's textile exports are expected to increase due to hopes of an end to the West Asia conflict.
- The conflict had previously impacted raw material supplies and shipments, leading to a decline in textile exports.
- Easing of raw material costs, particularly for polyester and cotton, is anticipated.
- Disruption-free passage through the Strait of Hormuz is expected to improve export efficiency.
- India has active and pending trade agreements with European and West Asian nations.
Hopes for a peace deal in West Asia are expected to boost India's textile exports, particularly to Europe and the Middle East, while also potentially reducing costs and improving profit margins for manufacturers. Industry stakeholders anticipate a decrease in raw material prices, especially for polyester and cotton, which are closely linked to synthetic fiber markets.